Is diversity bad for economic growth?: Evidence from state-level data in the US
The paper examines the macroeconomic effects of social diversity in the United States. Employing a cross-sectional dataset for 48 states, we find mixed empirical evidence for the impact of diversity on Gross State Product (GSP) per capita growth: racial diversity reduces GSP growth, while linguistic diversity raises GSP growth. Our findings suggest that because English is used frequently by non-native speakers barriers to communications based on race are more pronounced and enduring than those based on linguistic differences. The results provide a justification for establishing 'weak ties' across diverse racial groups as a means to enhance economic performance.
Year of publication: |
2009
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Authors: | Ratna, Nazmun N. ; Quentin Grafton, R. ; Kompas, Tom |
Published in: |
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics). - Elsevier, ISSN 2214-8043. - Vol. 38.2009, 6, p. 859-870
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Publisher: |
Elsevier |
Keywords: | Economic growth Racial diversity Linguistic diversity |
Saved in:
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