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Regional entrepreneurship: Pain or gain for economic growth?
Dienes, Christian; Schneck, Stefan; Wolter, Hans-Jürgen - 2024
entrepreneurship, which might be responsible for different effects of start-up activity on regional development. Therefore, we examine … the growth implications rural entrepreneurship might have on the local economy. Our results suggest that new business … counties. The results also unveil that the often-cited inverse U-shaped relationship between entrepreneurship and GDP growth is …
Persistent link: https://www.econbiz.de/10014464092
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Heterogeneous convergence
Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2013
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.
Persistent link: https://www.econbiz.de/10010335973
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Federal, state, and local governments: Evaluating their separate roles in US growth
Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - 2008
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/10010336011
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Growth and Convergence across the US: Evidence from County-Level Data
Higgins, Matthew; Levy, Daniel; Young, Andrew T. - 2003
We use U.S. county-level data consisting of 3,058 observations, to study growth determination and measure the speed of income convergence. County-level data are particularly valuable for studying convergence because they allow us to study a sample with substantial homogeneity and exceptional...
Persistent link: https://www.econbiz.de/10013204733
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Heterogeneity in Convergence Rates and Income Determination across U.S. States: Evidence from County-Level Data
Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2004
We utilize county-level data to explore growth determination in the U.S. and possible heterogeneity in growth determination across individual states. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. We use a consistent two stage least squares...
Persistent link: https://www.econbiz.de/10013204740
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Growth and Convergence across the US: Evidence from County-Level Data
Higgins, Matthew J.; Levy, Daniel; Young, Andrew T. - 2005
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...
Persistent link: https://www.econbiz.de/10013204752
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Measuring economic growth from outer space
Henderson, Vernon; Storeygard, Adam; Weil, David N. - 2009
GDP growth is often measured poorly for countries and rarely measured at all for cities. We propose a readily available proxy: satellite data on lights at night. Our statistical framework uses light growth to supplement existing income growth measures. The framework is applied to countries with...
Persistent link: https://www.econbiz.de/10010284041
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Investment, autonomous demand and long run capacity utilization: An empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011997037
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Spatial Filtering, Model Uncertainty and the Speed of Income Convergence in Europe
Cuaresma, Jesús Crespo; Feldkircher, Martin - 2010
In this paper we put forward a Bayesian Model Averaging method dealing with model uncertainty in the presence of potential spatial autocorrelation. The method uses spatial filtering in order to account for different types of spatial links. We contribute to existing methods that handle spatial...
Persistent link: https://www.econbiz.de/10013370077
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Poverty Impact of Rising Maize Prices in Kenya
Levin, Jörgen - 2010
The recent hike in food prices has been of great concern to policymakers, international organisations and donor agencies. In this paper we discuss, both from a partial and general equilibrium perspective, the impact of the recent price increase on maize on Kenyan households. Simulating a 100%...
Persistent link: https://www.econbiz.de/10012654359