In-depth exploration of asymmetric shocks, their impact on different regions of an economy, historical context, types, key events, detailed explanations, and related models.
The Location Quotient (LQ) is a statistical measure used to quantify the concentration of a particular industry, occupation, or demographic group in a region compared to a larger reference area, often used in economic geography and regional planning.
Oil Patch States in the United States refer to regions such as Texas, Oklahoma, Louisiana, California, and Alaska, which are significant in the production and refining of oil and gas. Economists analyze these states to assess regional economic impacts tied to fluctuations in oil prices.
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