Showing 1 - 10 of 16
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/10012749899
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/10013035737
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/10014048258
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/10014048286
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/10014026155
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/10014026226
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/10014026402
We use new US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the size of government at three levels: federal, state and local. Using 3SLS-IV estimation we find that the size of federal, state and local government all either...
Persistent link: https://www.econbiz.de/10014026513
We use U.S. county-level data containing 1,921 cross-sectional observations and up to 29 conditioning variables to estimate heterogeneity in convergence rates across 22 individual U.S. states. Applying GMM estimation, we find significant heterogeneity in the state-level convergence rates. For...
Persistent link: https://www.econbiz.de/10014026529
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) convergence...
Persistent link: https://www.econbiz.de/10014027540