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The Great Recession & Recovery Walking on Bottom The Two Carolinas

The Great Recession & Recovery Walking on Bottom The Two Carolinas Looking Ahead to the Knowledge Economy. The Great Recession & Recovery Walking on Bottom The Two Carolinas Looking Ahead to the Knowledge Economy. Bruce Yandle yandle@clemson.edu. Bruce Yandle

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The Great Recession & Recovery Walking on Bottom The Two Carolinas

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  1. The Great Recession & Recovery Walking on Bottom The Two Carolinas Looking Ahead to the Knowledge Economy • The Great Recession & Recovery • Walking on Bottom • The Two Carolinas • Looking Ahead to the Knowledge Economy Bruce Yandle yandle@clemson.edu Bruce Yandle yandle@clemson.edu

  2. The Recession ends when we hit bottom. That looks like August or September 2009. December 2007 September 2009

  3. Recovery? What Shape? V U W

  4. TWO KEY U.S. INDICATORS

  5. Overall Economic Freedom Index and the Top 10

  6. Employment Growth: 1996-2006

  7. Nominal GDP Growth: 2005-2008

  8. Economy.com, June 2009

  9. Where People Work

  10. U.S. Unemployment Rate by Educational AttainmentSeptember 2009 Less than High School Education 13.7% High School Graduates 10.0% Associate Degree Holders 8.1% Bachelor Degree Holders 5.0%

  11. What about brains?

  12. Follow me to a cool city!

  13. What did we learn? Go Getters are: • Highly attracted by larger PBS sector. • Repelled by state taxes. • Attracted by “cool” locations. • Are not sensitive to high versus low income locations.

  14. Southern MSA Knowledge Economy Index

  15. Regional MSA Index Ranking

  16. Questions?

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