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The 1981-1982 recession was the most serious downturn for the United States economy since the 1930s. The strength of the recovery and expansion following the recession has also varied from state to state. The purpose of this paper is first, to measure the relative severity of the recession for each state and second, to determine the strength of the ensuing recovery and expansion for each state.
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Connaughton et al. (1986) studied this question.
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