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Replacing incomplete markets with a complete mess: Katrina and the NFIP

Young, Andrew T. - In: International Journal of Social Economics 35 (2008) July, pp. 561-568

Purpose – The purpose of this paper is to elaborate the stated goals of the National Flood Insurance Program (NFIP) and … analysis of the NFIP in practice in the wake of Hurricane Katrina. Findings – The NFIP flood insurance primarily shelters … insurance to be offered when profitable in floodplains and allowing property-owners to make informed choices as to residence and …

Persistent link: https://www.econbiz.de/10005081388

Heterogeneous convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - In: Economics Letters 120 (2013) 2, pp. 238-241

We use US county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9% and the New York estimate is 3.3%. Convergence rates are essentially uncorrelated with income levels.

Persistent link: https://www.econbiz.de/10010678840

Heterogeneous Convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - Rimini Centre for Economic Analysis (RCEA) - 2011

has a non-linear relationship with growth. The size of the finance, insurance and real estate, and entertainment …

Persistent link: https://www.econbiz.de/10008860735

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

Higgins, Matthew J.; Young, Andrew T.; Levy, Daniel - Department of Economics, Bar Ilan University - 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/10008626041

Heterogeneous Convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - Rimini Centre for Economic Analysis (RCEA) - 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/10010656017

The Direct and Indirect Effects of Small Business Administration Lending on Growth: Evidence from U.S. County-Level Data

Young, Andrew T.; Higgins, Matthew J.; Lacombe, Donald J.; … - Department of Economics, College of Business and Economics - 2014

Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...

Persistent link: https://www.econbiz.de/10011161334

Growth and Convergence across the US: Evidence from County-Level Data

Higgins, Matthew; Levy, Daniel; Young, Andrew T. - Department of Economics, Bar Ilan University - 2003

nonlinear depending on the years of education considered; and (v) large presences of both finance, insurance and real estate …

Persistent link: https://www.econbiz.de/10010615360

Heterogeneous Convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - Department of Economics, Bar Ilan University - 2013

Persistent link: https://www.econbiz.de/10010635929

Foreign aid, institutional quality, and growth

Young, Andrew T.; Sheehan, Kathleen M. - In: European Journal of Political Economy 36 (2014) C, pp. 195-208

Using a panel of up to 116 countries from 1970 to 2010 we estimate the effects of foreign aid flows on a variety of measures of institutional quality. We find that aid flows are associated with the deterioration of both political and economic institutions. Regarding the latter, aid flows are...

Persistent link: https://www.econbiz.de/10010939861

Growth and Convergence across the US: Evidence from County-Level Data

Higgins, Matthew; Levy, Daniel; Young, Andrew T. - 2003

nonlinear depending on the years of education considered; and (v) large presences of both finance, insurance and real estate …

Persistent link: https://www.econbiz.de/10013204733