This paper uses a pooled mean group (PMG) estimator to evaluate the effects of tax policy on state-level growth. We find that property and sales tax rates have negative effects on long-run income growth, while income tax rates have no impact.

Recent empirical studies on agricultural productivity growth in African countries have produced mixed results; some find that uptake of new technology (technical progress) is the main source of total factor productivity growth while others point to improved use of existing technology (efficiency...

This article examines the impact of monetary policy on net sales of publicly traded firms in various sectors of the U.S. economy. We find that monetary policy has a heterogeneous effect on firms in different industries, with the strongest effect on firms in Retail and Wholesaling. Balance sheet...