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Education, Infrastructure, and Regional Income Performance in Arkansas

Author

Listed:
  • Thomas FULLERTON
  • Enedina LICERIO
  • Phuntsho WANGMO

Abstract

Although education and infrastructure investments are widely recognized as key ingredients for regional economic development, there are many areas for which empirical estimates of the potential gains associated with these steps do not exist. Arkansas is one such regional economy in the United States. Parameter estimates for the education variables are similar in magnitude to those reported for other regions. Coefficient estimates for the infrastructure variable are not all as hypothesized, but the presence of a commercial airport is confirmed as positively correlated with per capita incomes. Model simulations indicate that raising educational attainment in counties below the respective state averages can generate substantial income gains in Arkansas.

Suggested Citation

  • Thomas FULLERTON & Enedina LICERIO & Phuntsho WANGMO, 2010. "Education, Infrastructure, and Regional Income Performance in Arkansas," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 10(1).
  • Handle: RePEc:eaa:eerese:v:10:y2010:i:10_1
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    File URL: http://www.usc.es/economet/reviews/eers1011.pdf
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    References listed on IDEAS

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    1. Almada, Christa & Blanco-Gonzalez, Lorenzo & Eason, Patricia & Fullerton, Thomas, 2006. "Econometric Evidence Regarding Education and Border Income Performance," MPRA Paper 451, University Library of Munich, Germany, revised 2006.
    2. Fan, Shenggen & Zhang, Xiaobo, 2004. "Infrastructure and regional economic development in rural China," China Economic Review, Elsevier, vol. 15(2), pages 203-214.
    3. Jones, Patricia, 2001. "Are educated workers really more productive?," Journal of Development Economics, Elsevier, vol. 64(1), pages 57-79, February.
    4. Bronzini, Raffaello & Piselli, Paolo, 2009. "Determinants of long-run regional productivity with geographical spillovers: The role of R&D, human capital and public infrastructure," Regional Science and Urban Economics, Elsevier, vol. 39(2), pages 187-199, March.
    5. Sergio Destefanis & Vania Sena, 2005. "Public capital and total factor productivity: New evidence from the Italian regions, 1970-98," Regional Studies, Taylor & Francis Journals, vol. 39(5), pages 603-617.
    6. Thomas M. Fullerton, Jr., 2001. "Educational attainment and border income performance," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q III, pages 2-10.
    7. repec:kap:iaecre:v:11:y:2005:i:2:p:231-242 is not listed on IDEAS
    8. Armando Arellano & Thomas Fullerton, 2005. "Educational Attainment and Regional Economic Performance in Mexico," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 11(2), pages 231-242, May.
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    Cited by:

    1. Thomas M. FULLERTON & Carlos R. MORALES & Adam G. WALKE, 2014. "The Effects Of Education, Infrastructure, And Demographics On Regional Income Performance In Missouri," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 14(1), pages 5-22.

    More about this item

    Keywords

    Education; Physical Infrastructure; Regional Income Performance;

    JEL classification:

    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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