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In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence … sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U …
Persistent link: https://www.econbiz.de/10014029829
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence … sigma-convergence cannot be detected at the county-level across the U.S., or within the large majority of the individual U …
Persistent link: https://www.econbiz.de/10014026226
Persistent link: https://www.econbiz.de/10012582552
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/10013032373
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...
Persistent link: https://www.econbiz.de/10003781387
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are … essentially uncorrelated with income levels. -- Economic Growth ; Conditional Convergence ; Heterogeneity ; U.S. County Level Data …
Persistent link: https://www.econbiz.de/10009727539
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are …
Persistent link: https://www.econbiz.de/10013035737
We use new US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the size of government at three levels: federal, state and local. Using 3SLS-IV estimation we find that the size of federal, state and local government all either...
Persistent link: https://www.econbiz.de/10014026513
estimate heterogeneity in convergence rates across 22 individual U.S. states. Applying GMM estimation, we find significant … heterogeneity in the state-level convergence rates. For example, while the average convergence rate is 9.2 percent, the California … estimate is 19.9 percent and the New York estimate is 3.3 percent. The estimated convergence rates are essentially uncorrelated …
Persistent link: https://www.econbiz.de/10014026529
We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated …
Persistent link: https://www.econbiz.de/10010678840