Angolla Praveen Goud

This project studies the two-way relationship between brewery activity and local economic conditions across different regions in the United States. The goal is to understand whether changes in brewery activity affect the economy, and whether changes in the economy also influence the growth of breweries. To complete this study, brewery data was combined with regional economic data such as employment, income, and economic output. The data was organized over multiple time periods to observe changes over time. A cross-lagged panel modeling approach was used to examine how earlier changes in brewery activity relate to later economic outcomes, and how earlier economic conditions relate to later changes in brewery activity. Basic spatial information was also included to account for differences across regions. The results show that brewery activity and economic conditions influence each other. Areas with increasing brewery activity tended to see later improvements in employment and income. At the same time, areas with stronger economic conditions were more likely to experience growth in the number of breweries in later periods. This suggests that breweries can both contribute to local economic growth and benefit from strong local economies. Overall, this project shows that there is a feedback relationship between brewery activity and the economy. The findings help explain how small and medium-sized industries like breweries can play a role in local economic development, while also depending on economic conditions for their own growth.

TBD