Evaluating regional industrial structures remains an inexact process as traditional aggregation schemes often lump superficially similar but behaviorally distinct industries together. We use pairwise cointegration methods to apply econometric criteria to aggregate detailed industries into...

Current economic literacy tests focus on theory while almost totally ignoring the economy itself. This study analyzes how well we are teaching students empirical facts. Most agree that economic literacy is a laudable goal and current literacy pedagogy is centered on teaching students how to...

This article argues that using either the SIC or NAICS one-digit classifications as a method of aggregating two- and three-digit time series data can ignore important regional characteristics. We present a pairwise cointegration approach of aggregation where the aggregated sectors can vary...

Purpose – To test the economic theory that economies with greater stability and diversity are also economies that are more insulated from economic shocks. Design/methodology/approach – Uses persistence profiles derived from the cointegrated systems of two regional economies within the state...