Sectoral Sources of the Massachusetts Miracle and Other Turning Points
构建了一个基于部门的VAR模型，分析马萨诸塞奇迹及后续就业演变中地方和全国性部门冲击的相对重要性，并评估了总体就业转折点处的冲击影响。
Previous analyses of the Massachusetts Miracle and the subsequent evolution of employment in the area have centered in part on sectoral explanations. In this paper these explanations are evaluated with the use of a sectoral‐based VAR model of the Boston economy, developed to identify local and national sectoral shocks. The relative importance of these shocks is estimated both for the overall sample and at several turning points in aggregate Boston employment, the latter using historical decompostions.