Showing 1 - 10 of 323
A number of recent papers have found that certain measures of pollution worsen and later improve as income per head increases. It is widely believed that the downhill portion of this inverted-U curve reflects an induced policy response; that, as incomes rise, citizens demand improvements in...
Persistent link: https://www.econbiz.de/10011608462
We investigate whether a causal interpretation of the robust association between cognitive skills and economic growth is appropriate and whether cross-country evidence supports a case for the economic benefits of effective school policy. We develop a new common metric that allows tracking...
Persistent link: https://www.econbiz.de/10010274179
We show that in a fully integrated economy, in which there is free mobility of goods and factors, each member’s share … equal-share relationship is the limiting distribution of output and factors among members of a fully integrated economy, and … it constraints the set of policies that can affect each member’s relative growth within an integrated economy. We …
Persistent link: https://www.econbiz.de/10010325430
This paper studies the interplay between climate, health, and the economy in a stylized world with four heterogeneous …
Persistent link: https://www.econbiz.de/10010332438
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
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
This paper proposes a new methodology to evaluate the economic effect of statespecific policy changes, using bank-branching deregulations in the U.S. as an example. The new method compares economic performance of contiguous counties on opposite sides of state borders, where on one side...
Persistent link: https://www.econbiz.de/10011604834
Census Bureau that tracks all employers in the whole U.S. private sector economy, we examine the impact of these …
Persistent link: https://www.econbiz.de/10010270564
United States during and after World War II was converted into economic activity via incumbent firms in the early postwar …
Persistent link: https://www.econbiz.de/10010271771
Following Bai (2004) and Bai and Ng (2004) we estimate a common factor representation of a panel of output series for India, disaggregated by 15 states and 14 broad industry groups. We find that a single common V-Factor accounts for a large part of the significant shift in the cross-sectional...
Persistent link: https://www.econbiz.de/10010274009