Geography of Firms and Propagation of Local Economic Shocks

• Main Authors: BERNILE, Gennaro, Korniotis, George, Kumar, Alok
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2014
• Subjects: Local business cycles; geographical networks; economic links; publicly-traded firms; propagation of recessions; Business Administration, Management, and Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3778; https://ink.library.smu.edu.sg/context/lkcsb_research/article/4777/viewcontent/EconLinks12.pdf
• Institution: Singapore Management University

This study shows that the geographical distribution of publicly-traded firms generates an economic network that links the economic environments of all U.S. states. Using a novel measure of economic linkages among publicly-traded firms, we build a state-level network of economic connections and show...