Accounting for differences in aggregate state productivity

Article Abstract:

A study was conducted to examine the factors which condition state productivity at aggregate levels. Gross state product data are applied for the research while differences between states are described by a model using aggregate production functions. The model tests industry mix, human capital characteristics, public infrastructure investments and metropolitan structures as possible causes of variation. Results show that industrial mix, infrastructure, educational level and metropolitan structure condition productivity.

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Increasing returns and the shift from customs union to common market

Article Abstract:

Many economic analysts believe the current drive toward greater regional economic integration through the European Community will have long-lasting and positive effects on the level and growth of output in Europe. The conditions for welfare gain in the move from a customs union to a common market in the presence of increasing returns to scale, either internal or external, are analyzed. A simple set of rules is defined to specify the welfare gains a country can derive from integration.

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Vertical income tax externalities and fiscal interdependence: evidence from the US

Article Abstract:

Research is presented describing the study of federal taxation policy making and the impact of vertical taxation of one local government organization on another level.

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