Comparing U.S. Regions For Selected Economic and Financial Variables

Document Type

Article

Publication Date

7-1-2014

Department

Political Science, International Development, and International Affairs

School

Social Science and Global Studies

Abstract

The paper investigates patterns of differences of some key economic and financial variables among U.S. regions. The grouping of the states into regions is in accordance with the Bureau of Economic Analysis classification (New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, Far West). Two main points are explored. The first deals with descriptive statistics of the variables for the eight regions. The second is the identification of regional similarities and dissimilarities for the variables. The research methodology is a one-way analysis of variance for testing hypotheses of regional mean equality. Multiple comparison procedures are employed to find whether regions ranked the highest really differ from one another and from the remaining regions. © 2012 Springer Science+Business Media, LLC.

Publication Title

Journal of Economics and Finance

Volume

38

Issue

3

First Page

528

Last Page

540

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