Showing 1 - 10 of 26
Since 1980, US wage growth has been fastest in large cities. Empirically, we show that most of this urban-biased growth reflects wage growth at large Business Services firms, which are also the most intensive users of information and communications technology (ICT) capital in the US economy. We...
Persistent link: https://www.econbiz.de/10013388871
The paper first assesses regional and ethnic group differences in social trust and memberships in both Canada and the United States. The ethnic categories people choose to describe themselves are as important as regional differences, but much less important than education, in explaining...
Persistent link: https://www.econbiz.de/10012472965
We examine the relationship between urban characteristics in 1960 and urban growth (income and population) between 1960 and 1990. Our major findings are that income and population growth move together and both types of growth are (1) positively related to initial schooling, (2) negatively...
Persistent link: https://www.econbiz.de/10012473880
National, state, and local policy makers have increasingly focused their attention on policies toward economic growth, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played by the investment rate in the long-run...
Persistent link: https://www.econbiz.de/10012474826
This paper examines the relationship between the structure of banking markets and economic growth using a new dataset on manufacturing industry-level growth rates and banking market concentration for U.S. states during 1899-1929--a period when the manufacturing sector was expanding rapidly and...
Persistent link: https://www.econbiz.de/10012462942
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/10012466624
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/10012461689
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/10012458122
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 gas...
Persistent link: https://www.econbiz.de/10012458159
convergence within and across countries. Regional growth is shaped by similar factors as national growth, such as geography and … human capital. Regional convergence is about 2.5% per year, not more than 1% per year faster than convergence between … countries. Regional convergence is faster in richer countries, and countries with better capital markets. A calibration of a …
Persistent link: https://www.econbiz.de/10012459724