How Local 'Shocks' Influence US Economy (IMAGE)

Princeton School of Public and International Affairs

How Local 'Shocks' Influence US Economy

Caption

When a 10 percent productivity shock was added to the computers and electronics industry, some states like California and Massachusetts -- both important players in the industry -- grew. The biggest winner of all was Oregon, which saw the largest increase in production and employees.

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Esteban Rossi-Hansberg, Princeton University, Woodrow Wilson School

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