Recent Research at CROWE:
The Center for Research on the Wisconsin Economy recently published several new reports, including “Business Formation in Wisconsin During and After the Great Recession” by CROWE Economist, Junjie Guo. Blog posts and policy briefs issued by CROWE are available online.
“Business Formation in Wisconsin During and After the Great Recession” illustrated the decline of new business formation in Wisconsin since the Great Recession of 2007-2009. To supplement the report, Director Noah Williams published a post entitled “Tracking Dynamism and Business Formation” on the Center’s blog, which provides additional background information on the issue. Guo’s report concludes that policies to reduce the cost of financing firms could aid the formation of new business in Wisconsin in the future.
Since these reports were published, CROWE released its most recent work, “Economic Performance in Wisconsin since the Great Recession: A County-Level Analysis”. The report was authored by Noah Williams and the abstract is available below.
This paper studies the performance of the Wisconsin economy at the county level, to see how different parts of the state fared during the Great Recession and the subsequent recovery. We find strong evidence of convergence in living standards. The counties that had the highest unemployment rates, poverty rates, lowest incomes before the recession have seen the largest improvements in the following decade. We also find that the counties which suffered the most during the recession have had the largest improvements during recovery. While we find convergence in living standards, we also find evidence of divergence in measures of overall size. Counties that had a high level of employment, larger labor force, or bigger population before the recession experienced faster average growth in those measures in the following decade.
To view “Business Formation During and After the Great Recession”, click here.
To view “Tracking Dynamism and Business Formation”, click here.
To visit the CROWE’s Nest and read additional articles, click here.
Since CROWE’s launch event last October, the Center hosted Caroline Hoxby of Stanford University in a joint event with the UW-Madison Department of Economics. Hoxby presented “Taking Productivity in Education Seriously: Neuroscience, Adolescence, and Evidence” to a crowd of students and faculty on April 23, 2018.
Also in April, Director Williams presented “An Outlook for the Wisconsin Economy” at the Fond du Lac Founders’ Day event, a celebration hosted by the Wisconsin Alumni Association. Presentation materials from the Founders’ Day celebration are available here.
On May 11, Director Williams will discuss CROWE’s most recent report on Wisconsin Public Television’s “Here and Now.” The segment will air at 7:30 p.m. Learn more here.
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