A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.

A presentation of some new evidence on differences in the causes of high- and low-frequency movements in employment, focusing on whether the components of cyclical and secular (regional) variations in job growth follow similar patterns.

An examination of the divergence of U.S. regional fortunes in the early 1980s, showing that once regional prices are factored in, relative wage rates continue to converge across regions. The trend in regional wage variation is also shown to be attributable to declining differences in labor...

An estimation of components of public capital stock for 38 metropolitan areas from 1953 to 1981, using the perpetual inventory method. These series are used to estimate the effect of public capital stock on regional manufacturing production.

An analysis of the relationship between local public capital stock and regional manufacturing output, inputs, and productivity between 1965 and 1977. Results show that the effect of public capital stock on regional productivity, although limited, cannot be dismissed, and that public...

An explanation of the recent interruption in the long-term trend of regional wage convergence, showing that changes in the value that each census region places on worker characteristics account for much of the shift to wage divergence since 1980.

An investigation of whether it is possible to predict national recessions by following the employment performance of specific states or regions. The author compares state employment patterns to the health of the national economy over the post-WWII period.

A discussion of the complex relationship between labor costs and economic growth, with the contention that labor costs not only help determine rates of economic growth, but also respond to growth.

A review of recent empirical studies concerned with how investment in public infrastructure affects various types of state- and local-level economic activity. The relationships between public and private investment are examined and assessed.