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We consider a decentralized version of the neoclassical growth model where labor share is chosen by workers to maximize their long run (permanent) wages. In this framework, if the labor share increases relative to the competitive share, workers capture a larger share of a smaller total income in...
Persistent link: https://www.econbiz.de/10014176724
Higgins et al. (2006) report several statistically significant partial correlates with U.S. per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask whether the...
Persistent link: https://www.econbiz.de/10014048258
Evidence of relationships between religious affiliation and the African AIDS pandemic is found in the medical, religion, and sociology literature. In particular, studies have shown that predominantly Christian countries tend to have higher HIV rates than predominantly Muslim countries. These...
Persistent link: https://www.econbiz.de/10014154497
Higgins et al. (2006) report several statistically significant partial correlates with U.S. per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask whether the...
Persistent link: https://www.econbiz.de/10014026155
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 use Mississippi county-level data on (per capita) income and the percentages of populations that are Black (henceforth Black) to examine the relationship between race and economic growth. The analysis is also conditioned on 40 other economic and socio-demographic variables. Given a negative...
Persistent link: https://www.econbiz.de/10014026402
We use new US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the size of government at three levels: federal, state and local. Using 3SLS-IV estimation we find that the size of federal, state and local government all either...
Persistent link: https://www.econbiz.de/10014026513