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,...

Presentation to the Northeast Mississippi Economic Forecast Conference, Jan. 20, 2005

Presentation to the Northeast Mississippi Economic Forecast Conference, Jan. 20, 2005

Municipalities have revenue motives for enforcing traffic laws in addition to public safety motives because many traffic offenses are punished via fines and the issuing municipality often retains the revenue. Anecdotal evidence supports this revenue motive. We empirically test this revenue...

Address before Bryant College, Providence, R.I., Oct. 14, 2003

Presentation to the St. Louis Regional Commerce and Growth Association, Leadership Circle - July 15, 1998

This paper draws on the experiences of the United States and European Community to speculate on the effects of agreements to integrate high and low income economies. The evidence suggests that reducing barriers to the flow of goods or resources will promote convergence, even among integrating...

We study a model of economic growth and development with a threshold externality. The model has one steady state with a low and stagnant level of income per capita and another steady state with a high and growing level of income per capita. Both of these steady states are locally stable under...

Presentation before the Conference on Striking the Right Notes on Entrepreneurship, Memphis, Tenn., April 19, 2005

Memphis, Tenn., Oct. 14, 2008