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Economic shock

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Economic Resilience And Concentration In Indiana Over 2002-2016, Santiago Ruiz, Michael Wilcox, Indraneel Kumar Nov 2018

Economic Resilience And Concentration In Indiana Over 2002-2016, Santiago Ruiz, Michael Wilcox, Indraneel Kumar

Purdue GIS Day

It is well accepted that recessionary shocks affect long-term patterns of economic growth within regions. For this reason, it is important to understand how regional economies recover and in which extent a shock could be an economic burden in long term. A relevant variable to measure shock’s impact is employment, for two reasons. First, past recessions suggested that in most cases, the decline in employment tended to be deeper than in output. Second, layoffs of workers are key forms of adjustment to which employees seek to reduce costs. Given these, our research aims to understand shifts in employees during, after …


Economic Resilience And Diversity In Indiana From 2002 To 2016, Santiago Ruiz, Michael Wilcox, Indraneel Kumar Nov 2018

Economic Resilience And Diversity In Indiana From 2002 To 2016, Santiago Ruiz, Michael Wilcox, Indraneel Kumar

Purdue GIS Day

It is well accepted that recessionary shocks affect long-term patterns of economic growth within regions. For this reason, it is important to understand how regional economies recover and in which extent a shock could be an economic burden in long term. A relevant variable to measure shock’s impact is employment, for two reasons. First, past recessions suggested that in most cases, the decline in employment tended to be deeper than in output. Second, layoffs of workers are key forms of adjustment to which employees seek to reduce costs. Given these, our research aims to understand shifts in employees during, after …