Document Type
Article
Publication Date
9-13-2020
Publication Title
Sustainability
Volume
12
Issue
18
First page number:
1
Last page number:
12
Abstract
This study investigates how the structural mix of USA regional economies affects their volatility of economic growth. Four exogenous sectors are chosen for this investigation: Federal Government, construction, manufacturing, and tourism. Perhaps unsurprisingly, evidence suggests that a larger share of Federal Government employment in an economy reduces the variability of overall employment growth, while a larger share of construction activity elevates it. More telling is a finding that, recently, manufacturing has not contributed as much to such variability, and that a larger tourism presence increases it. The increasing integration of technology in tourism offers significant opportunities for a network approach and innovation in regional development.
Keywords
Volatility; Economic Growth; Variability; Tourism; Network Approach
Disciplines
Business | Hospitality Administration and Management
File Format
File Size
460 KB
Language
English
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.
Repository Citation
Min, J.,
Agrusa, J.,
Lema, J.,
Lee, H.
(2020).
The Tourism Sector and U.S. Regional Macroeconomic Stability: A Network Approach.
Sustainability, 12(18),
1-12.
http://dx.doi.org/10.3390/su12187543