Determinants of Income Growth in U.S. Metropolitan and Non-metropolitan Labor Markets
This research analyzes determinants of growth across U.S. labor market regions,using a production function approach based on four inputs: labor, manufacturing investment, human capital investment, and public capital investment. We find significant differences in the relative influence of growth determinants between metropolitan and non-metropolitan regions during the 1969-1999 period. We find little role for public capital investment in either metropolitan or non-metropolitan regions, but that manufacturing investment tended to spur growth in non-metropolitan regions, in contrast to results for metropolitan regions. We find that human capital matters for both metropolitan and non-metropolitan regions, but that increased human capital investment in metropolitan regions may have a larger impact on growth than in non-metropolitan regions. Further, the presence of more colleges and universities, more household amenities, and lower tax rates were all found to encourage human capital accumulation in U.S. labor market areas.
|Date of creation:||2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (304) 293-7859
Fax: (304) 293-2233
Web page: http://www.be.wvu.edu/phd_economics/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-85, December.
- Quah, Danny, 1993.
" Galton's Fallacy and Tests of the Convergence Hypothesis,"
Scandinavian Journal of Economics,
Wiley Blackwell, vol. 95(4), pages 427-43, December.
- Quah, Danny, 1993. "Galton's Fallacy and Tests of the Convergence Hypothesis," CEPR Discussion Papers 820, C.E.P.R. Discussion Papers.
- Chandra, Amitabh & Thompson, Eric, 2000. "Does public infrastructure affect economic activity?: Evidence from the rural interstate highway system," Regional Science and Urban Economics, Elsevier, vol. 30(4), pages 457-490, July.
- George Hammond, 2006. "A time series analysis of U.S. metropolitan and non-metropolitan income divergence," The Annals of Regional Science, Springer, vol. 40(1), pages 81-94, March.
- Glaeser, Edward L. & Scheinkman, JoseA. & Shleifer, Andrei, 1995.
"Economic growth in a cross-section of cities,"
Journal of Monetary Economics,
Elsevier, vol. 36(1), pages 117-143, August.
- Edward L. Glaeser & Jose A. Scheinkman & Andrei Shleifer, 1995. "Economic Growth in a Cross-Section of Cities," NBER Working Papers 5013, National Bureau of Economic Research, Inc.
- Glaeser, E.L. & Scheinkman, J.A., 1993. "Economic Growth in a Cross-Section of Cities," Harvard Institute of Economic Research Working Papers 1645, Harvard - Institute of Economic Research.
- James E. Rauch, 1991.
"Productivity Gains From Geographic Concentration of human Capital: Evidence From the Cities,"
NBER Working Papers
3905, National Bureau of Economic Research, Inc.
- Rauch James E., 1993. "Productivity Gains from Geographic Concentration of Human Capital: Evidence from the Cities," Journal of Urban Economics, Elsevier, vol. 34(3), pages 380-400, November.
- George Hammond, 2004.
"Metropolitan/non-metropolitan divergence: A spatial Markov chain approach,"
Economics of Governance,
Springer, vol. 83(3), pages 543-563, 07.
- George Hammond, 2004. "Metropolitan/non-metropolitan divergence: A spatial Markov chain approach," Papers in Regional Science, Springer, vol. 83(3), pages 543-563, 07.
- Gerald Carlino & Leonard Mills, 1994. "Convergence and the U.S states: a time series analysis," Working Papers 94-13, Federal Reserve Bank of Philadelphia.
- Simon, Curtis J., 1998. "Human Capital and Metropolitan Employment Growth," Journal of Urban Economics, Elsevier, vol. 43(2), pages 223-243, March.
- Steven C. Deller & Martin Shields & David Tomberlin, 1996. "Price Differentials And Trends In State Income Levels: A Research Note," The Review of Regional Studies, Southern Regional Science Association, vol. 26(1), pages 99-113, Summer.
- Winford H. Masanjala & Chris Papageorgiou, 2004. "The Solow model with CES technology: nonlinearities and parameter heterogeneity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(2), pages 171-201.
When requesting a correction, please mention this item's handle: RePEc:wvu:wpaper:06-12. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Josh Hall)
If references are entirely missing, you can add them using this form.