Showing 1 - 10 of 68
State business climate indexes capture state policies that might affect economic growth. State rankings in these indexes vary wildly, raising questions about what the indexes measure and which policies are important for growth. Indexes focused on productivity do not predict economic growth,...
Persistent link: https://www.econbiz.de/10013126214
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact that these networks tend to connect historical cities....
Persistent link: https://www.econbiz.de/10013066520
There is limited existing evidence justifying the economic case for state education policy. Using newly-developed measures of the human capital of each state that allow for internal migration and foreign immigration, we estimate growth regressions that incorporate worker skills. We find that...
Persistent link: https://www.econbiz.de/10013010721
We examine impacts of market integration on the development of American manufacturing, as railroads expanded through the latter half of the 19th century. Using new county-by-industry data from the Census of Manufactures, we estimate substantial impacts on manufacturing productivity from relative...
Persistent link: https://www.econbiz.de/10012857672
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013046172
Do natural resources benefit producer economies, or is there a “Natural Resource Curse,”0 perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term growth? We combine new data on oil and gas endowments with Census of Manufactures microdata to estimate how oil and...
Persistent link: https://www.econbiz.de/10013047033
Many development policies, such as placement of infrastructure or local economic development schemes, are “place-based.” Such policies are generally intended to stimulate private sector investment and economic growth in the treated place, and as such they are difficult to appraise and...
Persistent link: https://www.econbiz.de/10012920362
For the past generation scholars have emphasized that the Lower South was one of the most economically successful regions of British mainland North America, and perhaps the most successful. Planters, the primary economic actors, made extensive use of slave labor and created a successful...
Persistent link: https://www.econbiz.de/10013225834
This paper tests several theories of the effects of congressional representation on state economic growth. States that were represented by very senior Democratic congressmen grew more quickly during the 1953-1990 period than states that were represented by more junior congressional delegations....
Persistent link: https://www.econbiz.de/10013226176
after World War II. The convergence hypothesis suggests that the success of the South in catching up to the Northeast and … technological convergence explains the regional evolution of U.S. manufacturing industry, or that endogenous growth was an important …
Persistent link: https://www.econbiz.de/10013226177