Here’s the Philadelphia Fed’s revamped coincident index and the six month forecast for Kansas economic activity.
Figure 1: Log coincident index for US (blue), and Kansas (red), normalized to 2011M01=0. September 2015 observation is implied level from leading index. Source: Philadelphia Fed and author’s calculations.
However, Arthur Laffer et al. rank Kansas competitiveness at 18th [0]. Some econometrics relating to the information content of the RSPS indices, here.
Kansas also has a budget problem. The FY2016 gap is $667 million, with reserves largely drained. [1]
The Kansas economy isn’t as diversified as the U.S. economy. The mix of industries is different.
Would Reaganomics have worked better than Obamanomics in the U.S. over the past six years?
Much of the Colorado boom, in the ’90s, particularly around the Denver Tech Center (Colorado’s Silicon Valley), where tech buildings, upper-middle class houses, impressive malls, etc. were built, was from higher-skilled workers moving from other states, e.g. California and Texas, and other countries, e.g. India. Colorado’s gain was those other places losses.
Depends how you define each. There’s the public perception of what Reagan did versus what he actually did (and what the Fed was able to do). And there’s the public perception of what Obama did versus what he actually did.
You know, as I was reading the lead paragraph the thought struck me what does the Philadelphia FED think of Philadelphia’s economic outlook?
Richard Fox: It took me 30 seconds to locate the regional economics page of the Philadelphia Fed, and find this presentation. There is no city-specific coincident index.
Thinks Menzie. As I wrote it was just a thought. I did not expect you to do any research. It wasn’t worth my time.
I meant thanks.
All the these states that are practicing “supply-side” economics are having budget problems. I know that is especially true in Wisconsin. Latest budget projections are dismal. All seems to be leading to downward economic activity and reduced economic growth in the state.