Garofalo, Gasper A.; Malhotra, Devinder M. - 1998
regional studies of capital formation, long-run output growth, and productivity growth. Our model employs a neoclassical … in order to define our CU index. Our results show that states in the West North Central, South Atlantic, and Pacific … census divisions tend to have a CU index consistently above the nation's average. On the other hand, states in the East North …