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Do localization economies derive from human capital externalities?

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2005

One of the most robust findings emerging from studies of industrial agglomeration is the rise in productivity that tends to accompany it. What most studies have not addressed, however, is the potential role played by human capital externalities in driving this relationship. This paper seeks to...

Persistent link: https://www.econbiz.de/10005707620

Do localization economies derive from human capital externalities?

Wheeler, Christopher H. (contributor) - 2005

"One of the most robust findings emerging from studies of industrial agglomeration is the rise in productivity that tends to accompany it. What most studies have not addressed, however, is the potential role played by human capital externalities in driving this relationship. This paper seeks to...

Persistent link: https://www.econbiz.de/10002977385

Explaining Educational Attainment across Countries and over Time

Vandenbroucke, Guillaume; Restuccia, Diego - Federal Reserve Bank of St. Louis - 2014

Consider the following facts. In 1950, the richest countries attained an average of 8 years of schooling whereas the … poorest countries 1.3 years, a large 6-fold difference. By 2005, the difference in schooling declined to 2-fold because … schooling increased faster in poor than in rich countries. What explains educational attainment differences across countries and …

Persistent link: https://www.econbiz.de/10011075148

Regionalization vs. globalization

Espino, Emilio; Kozlowski, Julian; Sánchez, Juan M. - Federal Reserve Bank of St. Louis - 2013

Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...

Persistent link: https://www.econbiz.de/10011027341

Community bank performance in the presence of county economic shocks

Yeager, Timothy J. - Federal Reserve Bank of St. Louis - 2002

A potentially troubling characteristic of the U.S. banking industry is the geographic concentration of many community banks* offices and operations. If geographic concentration of operations exposes banks to local market risk, we should observe a widespread decline in their financial performance...

Persistent link: https://www.econbiz.de/10005065534

The demise of community banks? local economic shocks aren't to blame

Yeager, Timothy J. - Federal Reserve Bank of St. Louis - 2002

Persistent link: https://www.econbiz.de/10005065537

Spatial probit and the geographic patterns of state lotteries

Coughlin, Cletus C.; Garrett, Thomas A.; … - Federal Reserve Bank of St. Louis - 2004

We implement a spatial probit model to differentiate states with a lottery from those without a lottery. Our analysis extends the basic spatial probit model by allowing spatial dependence to vary across geographic regions. We also separate the spatial effects of neighbors versus non-neighbors....

Persistent link: https://www.econbiz.de/10005707641

Industry localization and earnings inequality: evidence from U.S. manufacturing

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2004

While the productivity gains associated with the geographic concentration of industry (i.e. localization) are by now well-documented, little work has considered how those gains are distributed across individual workers. This paper offers evidence on the connection between total employment and...

Persistent link: https://www.econbiz.de/10005707677

Business cycle phases in U.S. states

Owyang, Michael T.; Piger, Jeremy M.; Wall, Howard J. - Federal Reserve Bank of St. Louis - 2004

The U.S. aggregate business cycle is often characterized as a series of distinct recession and expansion phases. We apply a regime-switching model to state-level coincident indexes to characterize state business cycles in this way. We find that states differ a great deal in the levels of growth...

Persistent link: https://www.econbiz.de/10005707704

Productivity and the geographic concentration of industry: the role of plant scale

Wheeler, Christopher H. - Federal Reserve Bank of St. Louis - 2004

A large body of research has established a positive connection between an industry's productivity and the magnitude of its presence within locally defined geographic areas. This paper examines the extent to which this relationship can be explained by a micro-level underpinning commonly...

Persistent link: https://www.econbiz.de/10005707760