According to a study featured in the Federal Reserve Bank of Cleveland's 2005 Annual Report, differences in state income levels can be explained largely by two factors: innovation and workforce skills. The study's findings suggest that increasing a region's knowledge base should be a primary component of economic development strategies.
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Article provided by Federal Reserve Bank of Cleveland in its journal Annual Report.
Volume (Year): (2005) Issue (Month): () Pages: 7-22 Download reference. The following formats are available: HTML,
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