Higgins, Matthew J.; Levy, Daniel; Young, Andrew T. - Department of Economics, Emory University - 2006
We use U.S. county-level data containing 3,058 cross-sectional observations and 41 conditioning variables to study economic growth and explore possible heterogeneity in growth determination across 32 individual states. Using a 3SLS-IV estimation method, we find that the convergence rates for 32...