Publication Date

Spring 2014

Degree Level

B.A.

Program

Honors

First Advisor

Robbins, Roy

Second Advisor

Cardenas, Richard

Document Type

Thesis

Medium

Manuscript

Abstract

Using multiple time series based on data gathered from reliable government agencies I will compare the effects of national inflation, fluctuations in national GDP, and fluctuations in national employment on the personal income of multiple Metropolitan Statistical Areas (MSA), with the effects that local (MSA) inflation, fluctuations in local GDP, and fluctuations in local employment in multiple MSAs have on real national GDP. This analysis will be limited to four metropolitan areas, San Antonio, Texas, Philadelphia, Pennsylvania, San Diego, California, and Cincinnati-Hamilton, Ohio. These metropolitan areas are each in a different region located within the United States. This was done to represent the diversity of the regional economies within the United States. The model will cover a time period from 2OO1-2O12. The purpose of the study is to determine whether the state of the national economy has a more significant effect on the state of regional economies in the current age of globalization or whether it is the regional economies that have a more significant effect on the national economies. My main findings were inconclusive as covariance in the models distorted the relationships between variables.

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