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A number of studies have documented a reduction in aggregate macroeconomic volatility beginning in the early 1980s … significant heterogeneity in the timing and magnitude of the state-level volatility reductions. In fact, some states experience no … statistically-significant reduction in volatility. We then exploit this cross-sectional heterogeneity to evaluate three hypotheses …
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"This paper examines and compares the recent business cycle experiences of the seven states that lie partly or wholly within the Eighth Federal Reserve District (Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri, and Tennessee). For the period surrounding the 1990-91 NBER recession,...
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"This paper demonstrates that levels of entrepreneurship can be greatly affected by the general policy environment. Using a state-level panel, we estimate the effects of several policy variables on rates of entrepreneurship and find that bankruptcy exemptions, corporate tax rates, and the level...
Persistent link: https://www.econbiz.de/10003115154