Journal Article
A report on economic conditions in the Memphis zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Kerdnunvong, Usa; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark (2015-04)
Burgundy Books , Issue 2Q

Working Paper
The Local-Spillover Decomposition of an Aggregate Causal Effect
Dupor, Bill; Li, Jingchao; McCrory, Peter B.; Ebsim, Mahdi; Conley, Timothy G. (2021-05-12)
This paper presents a method to decompose the causal effect of government defense spending into: (i) a local (or direct) effect, and (ii) a spillover (or indirect) effect. Each effect is measured as a multiplier: the unit change in output of a one unit change in government spending. We apply this method to study the effect of U.S. defense spending on output using regional panel data. We estimate a positive local multiplier and a negative spillover multiplier. By construction, the sum of the local and spillover multipliers provides an estimate of the aggregate multiplier. The ...
Working Papers , Paper 2021-006

Journal Article
A report on economic conditions in the Little Rock zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-01)
Burgundy Books , Issue 1Q

Journal Article
A report on economic conditions in the Louisville zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Eubanks, Daniel (2014-10)
Burgundy Books , Issue 4Q

Journal Article
A report on economic conditions in the Louisville zone
Ricketts, Lowell R.; Arias, Maria A.; Kliesen, Kevin L.; Shell, Hannah; Eubanks, Daniel; McCrory, Peter B.; Neely, Michelle Clark; Cooke, Diana A. (2015-01)
Burgundy Books , Issue 1Q

Working Paper
A Local-Spillover Decomposition of the Causal Effect of U.S. Defense Spending Shocks
Conley, Timothy G.; Dupor, Bill; Ebsim, Mahdi; Li, Jingchao; McCrory, Peter B. (2020-06-16)
This paper decomposes the causal effect of government defense spending into: (i) a local (or direct) effect, and (ii) a spillover (or indirect) effect. Using state-level defense spending data, we show that a negative cross-state spillover effect explains the existing simultaneous findings of a low aggregate multiplier and a high local multiplier. We show that enlisting disaggregate data improves the precision of aggregate effect estimates, relative to using aggregate time series alone. Moreover, we compare two-step efficient GMM with two alternative moment weighting approaches used in ...
Working Papers , Paper 2020-014

Journal Article
A report on economic conditions in the Little Rock zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Eubanks, Daniel (2014-10)
Burgundy Books , Issue 4Q

Journal Article
A report on economic conditions in the St. Louis zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Grover, Sean P. (2014-07)
Burgundy Books , Issue 3Q

Journal Article
Long-resilient Little Rock faces uncertain pace of recovery
McCrory, Peter B.; Gascon, Charles S. (2014-01)
The Regional Economist

Journal Article
A report on economic conditions in the Memphis zone
McCrory, Peter B.; Ricketts, Lowell R.; Arias, Maria A.; Neely, Michelle Clark; Kliesen, Kevin L.; Cooke, Diana A.; Grover, Sean P. (2014-07)
Burgundy Books , Issue 3Q