Local Growth Empirics

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Local Growth Empirics

Author Info

Rappaport, J.

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Jordan Rappaport

Abstract

Using a newly constructed data panel on U.S. locality attributes, this paper sketches four sets of empirical facts on economic growth across U.S. counties. A first set of facts focuses on the time series and cross-correlation properties of local economic growth as measured by net migration, per capita income growth, and housing price growth. A second and a third set of facts focus on the geographical correlates of local growth over the 20th century and the non-government correlates of local growth over the period 1970 to 1990. A fourth set of facts focuses on the government fiscal policy correlates of local growth. Local economic growth from 1970 to 1990 is strongly negatively correlated with financial measures of initial local government size. This negative correlation is extremely robust across alternative specifications; an extensive set of control variables eliminates any obvious omitted variable bias; there is no indication of reverse causality; and the result is not driven by the elderly.

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Publisher Info
Paper provided by Chicago - Graduate School of Business in its series Papers with number 23.

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Length: 68 pages
Date of creation: 2000
Date of revision:
Handle: RePEc:fth:chicbu:23

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Postal: UNIVERSITY OF CHICAGO, H.G.B. ALEXANDER FOUNDATION GRADUATE SCHOOL OF BUSINESS, CHICAGO ILLINOIS 60637 U.S.A.
Web page: http://gsb.uchicago.edu/
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Paper
- Jordan Rappaport, 1999. "Local Growth Empirics," CID Working Papers 23, Center for International Development at Harvard University. [Downloadable!]

Find related papers by JEL classification:
O51 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
R11 - Urban, Rural, and Regional Economics - - General Regional Economics - - - Analysis of Growth, Development, and Changes
R50 - Urban, Rural, and Regional Economics - - Regional Government Analysis - - - General
J61 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Geographic Labor Mobility; Immigrant Workers

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Higgins, Matthew & Young, Andrew & Levy, Daniel, 2009. "Federal, State, and Local Governments: Evaluating their Separate Roles in US Growth," MPRA Paper 13094, University Library of Munich, Germany. [Downloadable!]
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- Matthew J. Higgins & Daniel Levy & Andrew T. Young, 2006. "Federal, State, and Local Governments: Evaluating their Separate Roles in US Growth," Emory Economics 0614, Department of Economics, Emory University (Atlanta). [Downloadable!]
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Jordan Rappaport, 1999. "How does labor mobility affect income convergence?," Research Working Paper 99-12, Federal Reserve Bank of Kansas City. [Downloadable!]
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- Rappaport, Jordan, 2005. "How does labor mobility affect income convergence?," Journal of Economic Dynamics and Control, Elsevier, vol. 29(3), pages 567-581, March. [Downloadable!] (restricted)
Alberto Alesina & Eliana La Ferrara, 2004. "Ethnic Diversity and Economic Performance," Development Working Papers 193, Centro Studi Luca d\'Agliano, University of Milano. [Downloadable!]
J Vernon Henderson & James Davis, 2004. "The Agglomeration of Headquarters," Working Papers 04-02, Center for Economic Studies, U.S. Census Bureau. [Downloadable!]
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Young, Andrew & Higgins, Matthew & Levy, Daniel, 2006. "Heterogeneous Convergence," MPRA Paper 954, University Library of Munich, Germany. [Downloadable!]
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Albert Saiz, 2003. "Immigration and housing rents in American cities," Working Papers 03-12, Federal Reserve Bank of Philadelphia. [Downloadable!]
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- Albert Saiz, 2006. "Immigration and Housing Rents in American Cities," IZA Discussion Papers 2189, Institute for the Study of Labor (IZA). [Downloadable!]
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