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Federal, State, and Local Governments: Evaluating their Separate Roles in US Growth

Higgins, Matthew; Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2009

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/10005616935

Robust Correlates of County-Level Growth in the U.S.

Higgins, Matthew; Young, Andrew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

Higgins et al. (2006) report several statistically significant partial correlates with U.S. per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask whether the...

Persistent link: https://www.econbiz.de/10005621380

Black Populations and Economic Growth: An Extreme Bounds Analysis of Mississippi County-Level Data

Young, Andrew; Higgins, Matthew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

We use Mississippi county-level data on (per capita) income and the percentages of populations that are Black (henceforth "Black") to examine the relationship between race and economic growth. The analysis is also conditioned on 40 other economic and socio-demographic variables. Given a negative...

Persistent link: https://www.econbiz.de/10005621882

Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data

Young, Andrew; Higgins, Matthew; Levy, Daniel - Volkswirtschaftliche Fakultät, … - 2007

In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence cannot be detected at the...

Persistent link: https://www.econbiz.de/10005623539

The dynamics of personal income distribution and inequality in the United States

Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2013

predict the dynamics of personal incomes for every single person in the working-age population in the USA between 1930 and …

Persistent link: https://www.econbiz.de/10011259180

Inflation as a function of labor force change rate: cointegration test for the USA

Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007

obtained for the USA is characterized by A1=4.0, A2=-0.03075, and t1=2 years. It provides a root mean square forecasting error …

Persistent link: https://www.econbiz.de/10005836346

CRUDE OIL AND MOTOR FUEL: FAIR PRICE REVISITED

Kitov, Ivan; Kitov, Oleg - Volkswirtschaftliche Fakultät, … - 2010

In April 2009, we introduced a model representing the evolution of motor fuel price (a subcategory of the consumer price index of transportation) relative to the overall CPI as a linear function of time. Under our framework, all price deviations from the linear trend are transient and the price...

Persistent link: https://www.econbiz.de/10008543797

Modelling real GDP per capita in the USA: cointegration test

Kitov, Ivan; Kitov, Oleg; Dolinskaya, Svetlana - Volkswirtschaftliche Fakultät, … - 2007

A two-component model for the evolution of real GDP per capita in the USA is presented and tested. The first component … between the growth rate of real GDP per capita and the number of 9-year-olds in the USA is tested for cointegration. For … cointegrating relation. Econometrically, the tests for cointegration show that the deviations of real economic growth in the USA …

Persistent link: https://www.econbiz.de/10005790144