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In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the...
Persistent link: https://www.econbiz.de/10014029829
We use U.S. county-level data consisting of 3,058 observations, to study growth determination and measure the speed of income convergence. County-level data are particularly valuable for studying convergence because they allow us to study a sample with substantial homogeneity and exceptional...
Persistent link: https://www.econbiz.de/10014031089
In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence cannot be detected at the...
Persistent link: https://www.econbiz.de/10014026226
We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...
Persistent link: https://www.econbiz.de/10014029441
We conduct an extensive robustness analysis of the relationship between trust and growth for a later time period (the 1990s) and with a bigger sample (63 countries) than previous studies. In addition to robustness tests that focus on model uncertainty, we use Least Trimmed Squares, a robust...
Persistent link: https://www.econbiz.de/10010321616
A number of cross-country comparisons do not find a robust negative relationship between government size and economic growth. In part this may reflect the prediction in economic theory that a negative relationship should exist primarily for rich countries with large public sectors. In this paper...
Persistent link: https://www.econbiz.de/10010335009
Since the beginning of the 1990s, the issue of income convergence has received considerable attention in economic research. Although a vast number of empirical studies has emerged, evidence on the role of spatial interaction is still rather scarce. The present paper is an attempt to provide...
Persistent link: https://www.econbiz.de/10010295602
Die vorliegende Studie beschäftigt sich mit Wachstumsabhängigkeiten zwischen räumlich benachbarten Gebieten in Westdeutschland im Zeitraum von 1976 bis 1996. Die Hypothese für derartige Wachstumsabhängigkeiten leitet sich aus der räumlichen Dimension von Mechanismen ab, denen ein...
Persistent link: https://www.econbiz.de/10010295627
We investigate the effects of new business formation on employment change in German regions. A special focus is on the lag-structure of this effect and on differences between regions. The different phases of the effects of new business formation on regional development are relatively pronounced...
Persistent link: https://www.econbiz.de/10010298522
In our analysis of the impact of new firm formation on regional employment change we identified considerable time lags. We investigated the structure and extent of these time lags by applying the Almon lag model and found that new firms can have both a positive and a negative effect on regional...
Persistent link: https://www.econbiz.de/10010305680