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Global, National Business Cycles and Energy Explain Texas Metro Growth

March 2018

Alexander Chudik, Janet Koech and Mark A. Wynne

Abstract: A mix of global, national and state-specific shocks help drive employment fluctuations between U.S. states. Econometric modeling shows such differences among metropolitan areas also reflect a mix of shocks. Texas cities strongly tied to oil and gas activity appear more affected by energy-sector shocks than other metros in the state.

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