A new model of economic growth introduces the knowledge filter between new knowledge and economically useful knowledge. It identifies both new ventures and incumbent firms as the mechanisms that penetrate the knowledge filter. Recent empirical work has shown that new firms are more proficient at...

How do you build the next Silicon Valley? This paper offers an empirical examination of the factors that help foster internet firms and employment. It builds off literature examining factors related to the economic potential of places. We examine the internet industry using the identification...

Structural transformation and regional convergence in U.S. income have been long-standing trends. Caselli and Coleman (2001) discovered that 60% of regional convergence between the U.S. South and North from 1940 to 1990 is due to structural transformation. Our replication confirms these robust...

In recent years, cities have become increasingly interested in their ability to generate, attract and retain human capital. One measure of human capital is employment in science and engineering-based occupations. This paper provides a comparison of the employment shares of these specialized...

This paper estimates a translog stochastic frontier production function in the analysis of all 48 contiguous U.S. states in the period 1970-1983, to attempt to measure and explain changes in technical efficiency. The model allows technical inefficiency to vary over time, and inefficiency effects...