State and Local Policy, Factor Markets, and Regional Growth
AbstractA large and growing literature has developed to explain how state and local policies affect factor markets, firm location, and economic growth; but it has emerged in three distinct threads. These threads have variously emphasized how policy and natural amenities affect regional economic growth, employment growth, or firm location; how variations in policy and natural amenities can lead to persistent wage differentials across regions; and how regional variation in factor inputs, including public capital, affects output. In this article, we expand the modeling framework of Roback and Gyourko and Tracy to integrate these threads into a single inquiry about how state and local policies--including the provision of public capital--affect factor markets and economic growth.
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Bibliographic InfoArticle provided by Southern Regional Science Association in its journal Review of Regional Studies.
Volume (Year): 33 (2003)
Issue (Month): 1 ()
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Firm Location; Policy; Regional Growth; Regional; Regions;
Other versions of this item:
- Stephen P. A. Brown & Kathy J. Hayes & Lori L. Taylor, 2002. "State and local policy, factor markets and regional growth," Working Papers 02 02, Federal Reserve Bank of Dallas.
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
- R32 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - Other Production and Pricing Analysis
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
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