Based on an estimated dynamic spatial Durbin model, we find that the direct effect of a one-point increase in a county’s inequality is associated with a 3.3% decrease in its growth, while one-point increases in inequality in a county’s neighbors decrease its growth by 4.8%.

type="main" <title type="main">ABSTRACT</title> <p>This note examines the correlation between income inequality and economic growth using a panel of income distribution data for 3,109 counties of the U.S. Using the System Generalized Method of Moments (GMM) approach, we find that for the entire sample of 3,109 counties, an...</p>

I use a spatial Durbin model to estimate the effects of taxes on state economic growth. Results indicate that taxes have negative short-run and long-run own-state and spatial spillover effects on state growth.

The main focus of this paper is to investigate the impact of interstate variations of skilled labor shortages on manufacturing productivity for the period 1977 to l992. We conduct the analysis for a mixed set of two-digit manufacturing industries across a sample of forty-eight United States to...

Although foreign direct investment into developed economies continues to show dramatic growth, little consensus exists over either its national or regional impacts. The lack of empirical evidence, particularly on a sub-national level, adds to the uncertainty over the efficacy of regional...

Examines the relationship between property tax exemptions and municipal fiscal burdens. A model is created which measures local fiscal burdens in consideration of the influence of demand and cost variations on tax effort.