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In this paper, we set out to quantify the magnitude of the positive empirical relationship between schooling and regional growth. We apply the growth empirics method of Mankiw et al. (Q J Econ 107:407438, 1992) to a panel of US states. We improve upon the existing regional growth literature by...
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Using data on 48 contiguous U.S. states and a spatial econometric approach, this paper examines short- and long-run effects of productive higher education and highway infrastructure spending financed by different revenue sources on state economic growth. Following the Lagrange Multiplier, Wald,...
Persistent link: https://www.econbiz.de/10012912930
The aim of this study is to reassess the sources behind US state-level growth during the post-war period. It improves upon the existing literature (1) by using a general method-of-moments (GMM) estimator that eliminates omitted variable and endogeneity bias, (2) by allowing for parameter...
Persistent link: https://www.econbiz.de/10013076047
This paper seeks to reconcile the growth empirics technique of Mankiw, Romer, and Weil (1992) with the empirical results of Barro and Sala-í-Martin (1991) through the development of a new database covering the 1977-96 period. We create state-by-state capital stock and gross investment estimates...
Persistent link: https://www.econbiz.de/10013076043
In this paper, we set out to quantify the magnitude of the positive empirical relationship between schooling and regional growth. We apply the growth empirics method of Mankiw et al. (Q. J. Econ. 107:407–438, 1992) to a panel of US states. We improve upon the existing regional growth...
Persistent link: https://www.econbiz.de/10013076050
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
Persistent link: https://www.econbiz.de/10013076051