A diffusion model of long-run state economic development.: An article from: Atlantic Economic Journal
Book Details
Author(s)Dan M. Berry, David L. Kaserman
PublisherAtlantic Economic Society
ISBN / ASINB00092UTLE
ISBN-13978B00092UTL3
AvailabilityAvailable for download now
Sales Rank9,899,372
MarketplaceUnited States 🇺🇸
Description
This digital document is an article from Atlantic Economic Journal, published by Atlantic Economic Society on December 1, 1993. The length of the article is 5282 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the author: Most empirical studies of state economic development have been relatively short-term in nature. Here, we examine the causes Of growth over a more Substantial period of time covering almost six decades. Particular emphasis is placed on the so-called convergence hypothesis. A two-stage methodology originally employed to model the diffusion of new technologies is applied. Results tend to confirm the general convergence of state per capita incomes over time. That is, a large share of the observed variation in state economic growth is explained by initial period incomes, with lower income states growing relatively more rapidly. In addition, we find that low taxes and comparatively strong support for higher education foster more rapid growth. (JEL R11)
Citation Details
Title: A diffusion model of long-run state economic development.
Author: Dan M. Berry
Publication:Atlantic Economic Journal (Refereed)
Date: December 1, 1993
Publisher: Atlantic Economic Society
Volume: v21 Issue: n4 Page: p39(16)
Distributed by Thomson Gale
From the author: Most empirical studies of state economic development have been relatively short-term in nature. Here, we examine the causes Of growth over a more Substantial period of time covering almost six decades. Particular emphasis is placed on the so-called convergence hypothesis. A two-stage methodology originally employed to model the diffusion of new technologies is applied. Results tend to confirm the general convergence of state per capita incomes over time. That is, a large share of the observed variation in state economic growth is explained by initial period incomes, with lower income states growing relatively more rapidly. In addition, we find that low taxes and comparatively strong support for higher education foster more rapid growth. (JEL R11)
Citation Details
Title: A diffusion model of long-run state economic development.
Author: Dan M. Berry
Publication:Atlantic Economic Journal (Refereed)
Date: December 1, 1993
Publisher: Atlantic Economic Society
Volume: v21 Issue: n4 Page: p39(16)
Distributed by Thomson Gale
