Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259354 
Year of Publication: 
2005
Series/Report no.: 
Working Paper No. 2005-06
Publisher: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Abstract: 
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern rate); (3) federal, state and local government negatively correlates with growth; (4) the relationship between educational attainment and growth is nonlinear; and (5) finance, insurance & real estate industry and entertainment industry positively correlates with growth while education employment negatively correlates.
Subjects: 
Economic Growth
Conditional Convergence
and County-Level Data
JEL: 
O40
O11
O18
O51
R11
H50
H70
Document Type: 
Working Paper

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