Guisinger, Amy; Owyang, Michael T.; Soques, Daniel - 2021
decline in an industry. Second, we incorporate a national-level business cycle that industries may or may not attach to. Third …The effect of economic shocks on business cycles fluctuations may vary across industries. For example, shocks that … sub-national analysis. First, we model industry-level trends to differentiate between cyclical downturns and secular …