| 000 | 02436naaaa2200349uu 4500 | ||
|---|---|---|---|
| 001 | https://directory.doabooks.org/handle/20.500.12854/63498 | ||
| 005 | 20220220105510.0 | ||
| 020 | _a9781785360299.00012 | ||
| 024 | 7 |
_a10.4337/9781785360299.00012 _cdoi |
|
| 041 | 0 | _aEnglish | |
| 042 | _adc | ||
| 100 | 1 |
_aNicholas Kreston _4auth |
|
| 700 | 1 |
_aDariusz Wójcik _4auth |
|
| 245 | 1 | 0 | _aResilience of US metropolitan areas to the 2008 financial crisis |
| 260 |
_bEdward Elgar Publishing _c2018 |
||
| 300 | _a1 electronic resource (19 p.) | ||
| 506 | 0 |
_aOpen Access _2star _fUnrestricted online access |
|
| 520 | _aThis chapter seeks to explain why only a minority of US metropolitan areas enjoyed quicker recovery and higher levels of economic growth following the 2008 banking crisis and recession of 2007‒2009. An uneven pattern of growth came into being over the course of the recession and persisted through 2013, evident in both total employment and on a sectoral basis. Using cluster analysis, we characterize the best performing group of metropolitan areas as exhibiting less economic sectorial diversity than average and lower rates of subprime mortgages as a share of all households. The worst performing areas show the highest average rates of household distress as well as bank failures. The most consistent pattern among our variables was that gradually worsening growth outcomes were associated with increasingly larger subprime mortgage and HAMP concentrations. Our findings recommend further research into the conditions of financial distress among metropolitan areas as well as into the nature of sector specialization, as both potential factor affecting growth. | ||
| 540 |
_aCreative Commons _fhttps://creativecommons.org/licenses/by-nc-nd/4.0/ _2cc _4https://creativecommons.org/licenses/by-nc-nd/4.0/ |
||
| 546 | _aEnglish | ||
| 653 | _ainsurance | ||
| 653 | _aand real estate (FIRE) | ||
| 653 | _ametropolitan statistical area (MSA) | ||
| 653 | _aeconomic specialization | ||
| 653 | _asubprime mortgages | ||
| 653 | _afinancial crisis | ||
| 653 | _aresilience | ||
| 653 | _afinance | ||
| 773 | 1 | 0 |
_0OAPEN Library ID: 33626 _7nnaa |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://www.elgaronline.com/view/edcoll/9781785360282/9781785360282.00012.xml _70 _zDOAB: download the publication |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://directory.doabooks.org/handle/20.500.12854/63498 _70 _zDOAB: description of the publication |
| 999 |
_c82554 _d82554 |
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