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Economic Growth (economic + growth)
Kinds of Economic Growth Terms modified by Economic Growth Selected AbstractsECONOMIC GROWTH AND THE SEPARATION OF CHURCH AND STATE: THE FRENCH CASEECONOMIC INQUIRY, Issue 4 2010RAPHAËL FRANCK This article provides a test of the secularization hypothesis, which argues that economic growth, industrialization, increased literacy, and low fertility decrease religiosity. It focuses on the elections of the secular politicians who voted in favor of the separation between Church and State in the French Parliament in 1905. If the secularization hypothesis is correct, these secular politicians should have been elected in the most developed areas of France at the turn of the twentieth century. Contrary to the predictions of the secularization hypothesis, we find that the support for secular politicians originated in the rural areas of France. (JEL Z12, D72, N43) [source] THE IMPORTANCE OF PRIVATE PROPERTY RIGHTS FOR ECONOMIC GROWTH: THE CASE OF RURAL CHINA, 1979,1987ECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 2 2006IAN WILLS This is an extended and slightly revised version of an article by Wills and Yang published in Policy, Vol. 9, No. J, Autumn 1993. The article was derived from a paper by Yang, Wang and Wills published in the China Economic Review in 1992. The idea for the empirical study, the analytical model and the procedure for quantifying changes in property rights came from Xiaokai Yang. The study illustrates his ability to apply inframarginal concepts to real problems. [source] PRODUCTIVE GOVERNMENT EXPENDITURE AND ECONOMIC GROWTHJOURNAL OF ECONOMIC SURVEYS, Issue 4 2009Andreas Irmen Abstract We provide a comprehensive survey of the recent literature on the link between productive government expenditure and economic growth. We show that an understanding of the core results and the ensuing contributions can be gained from the study of their respective Euler equations. We argue that the existing literature incorporates many relevant aspects; however, policy recommendations tend to hinge on several knife-edge assumptions. Therefore, future research ought to focus more on idea-based endogenous growth models to check the robustness of policy recommendations. Moreover, the inclusion of hitherto unexplored types of government expenditure, e.g. on the ,rule of law', would be desirable. [source] WEAK AND STRONG SUSTAINABILITY, ENVIRONMENTAL CONSERVATION AND ECONOMIC GROWTHNATURAL RESOURCE MODELING, Issue 3 2006WERNER HEDIGER ABSTRACT. To investigate the role of explicit and implicit assumptions in different models of weak and strong sustain-ability, the Solow/Hartwick model of intergenerational equity with nonrenewable resources is gradually extended to include renewable resources, endogenous technical progress, and stock pollution. This reveals the fundamental role of endogenous technical progress for sustainable development, the inconsistency of implicit sustainability assumptions in various models, as well as the existence of a Hartwick rule for Daly's steady-state economy. Moreover, it shows that the concepts of Solow sustainability and strong sustainability coincide as a special case of weak sustainability. The latter integrates economic and environmental concerns and aims at maintaining the welfare potential of an economy over time. It does not rule out economic growth by assumption. Rather, the analysis shows that environmental conservation and economic growth can be compatible with each other, without jeopardizing social welfare. Finally, the analysis shows that the discussion of sustain-ability models cannot be restricted to the explicit differences that are usually pointed out by their authors and commentators. Rather, implicit assumptions must be made explicit. [source] ENDOGENOUS HEALTH CARE, LIFE EXPECTANCY AND ECONOMIC GROWTHPACIFIC ECONOMIC REVIEW, Issue 1 2010Michael C. M. Leung We study the endogenous relationship between health care, life expectancy and output in a neoclassical growth model. Although health care directly diverts resources away from goods production, it prolongs life expectancy, which in turn leads to higher savings and, hence, capital formation through a private annuity market. We show that savings and health care are complements in equilibrium, with both rising with economic development. Our model is therefore consistent with several observed stylized development patterns across countries. Moreover, through the longevity-enhancing channel, health care and health production technology are found by simulation to be growth and welfare promoting. [source] INSTITUTIONS, BANKING DEVELOPMENT, AND ECONOMIC GROWTHTHE DEVELOPING ECONOMIES, Issue 4 2009M. Sami NABI O16; O17; O41 Does the institutional environment affect the causal relationship between banking development and economic growth? In the theoretical section of this paper, we develop an endogenous growth model where the institutional environment is captured through two indicators: judicial system efficiency and easiness of informal trade. We show that an improvement in the institutional environment has two effects. First, it intensifies the causality direction from banking to economic growth through a reduction in defaulting loans. Second, it reduces the interest rate spread. In the empirical section of the paper, we find bidirectional causality when analyzing 22 Middle Eastern and North African countries over the period 1984,2004. The first causality, which runs from banking development to economic growth, is more intense in countries with more developed institutional environment. The second causality runs from economic growth to banking and indicates that a more developed economy has a more developed banking system. [source] HUMAN CAPITAL INEQUALITY AND ECONOMIC GROWTH: SOME NEW EVIDENCETHE ECONOMIC JOURNAL, Issue 478 2002Amparo Castelló This paper provides new measures of human capital inequality for a broad panel of countries. Taking attainment levels from Barro and Lee (2001), we compute Gini coefficients and the distribution of education by quintiles for 108 countries over five-year intervals from 1960 to 2000. Using this new cross-country data on human capital inequality two main conclusions are obtained. First, most countries in the world have tended to reduce the inequality in human capital distribution. Second, human capital inequality measures provide more robust results than income inequality measures in the estimation of standard growth and investment equations. [source] LAND PRICE, COLLATERAL AND ECONOMIC GROWTH,THE JAPANESE ECONOMIC REVIEW, Issue 4 2009MASAYA SAKURAGAWA This paper extends Kiyotaki and Moore's (1997) to an endogenous growth model and investigates the dynamic properties of a growing economy with binding credit constraint when land is used not only as an input of production but also as collateral. There exists a balanced growth path in an economy with binding credit constraint. In response to a once and for all productivity shock, the developed model shows the propagation mechanism among output, capital, bank credit and the land price in terms of the growth rate. The model's tractability allows us to derive interesting qualitative and quantitative findings on business cycles. [source] INFRASTRUCTURE, LONG-RUN ECONOMIC GROWTH AND CAUSALITY TESTS FOR COINTEGRATED PANELSTHE MANCHESTER SCHOOL, Issue 5 2008DAVID CANNING We investigate the consequences of various types of infrastructure provision in a panel of countries from 1950 to 1992. We develop new tests which enable us to isolate the sign and direction of long-run effects in a manner that is robust to the presence of unknown heterogeneous short-run causal relationships. We show that while infrastructure does tend to cause long-run economic growth, there is substantial variation across countries. We also provide evidence that each infrastructure type is provided at close to the growth-maximizing level on average globally, but is under-supplied in some countries and over-supplied in others. [source] PUBLIC EDUCATION, FERTILITY INCENTIVES, NEOCLASSICAL ECONOMIC GROWTH AND WELFAREBULLETIN OF ECONOMIC RESEARCH, Issue 1 2010Luciano Fanti I28; J13; O41 ABSTRACT Using a simple overlapping generations model of neoclassical growth, we analyse the effects of both child allowances and the system of public education on the rate of fertility, the per capita income and the individual lifetime welfare. The essential message of the present paper is that developed countries plagued by below-replacement fertility and income stagnation may raise per capita income and the rate of fertility at the same time by increasing the public education expenditure rather than by resorting to child allowances. The latter, in fact, are found to be harmful for long-run neoclassical economic growth and, in contrast with the common belief, for the rate of population growth as well. Moreover, welfare analysis has shown the existence of a Pareto-efficient welfare-maximizing educational contribution rate. [source] Economic Growth and Biodiversity Loss in an Age of Tradable PermitsCONSERVATION BIOLOGY, Issue 4 2006JON ROSALES comercio de emisiones; límite y comercio; proceso ciencia-política; Protocolo de Kyoto Abstract:,Tradable permits are increasingly becoming part of environmental policy and conservation programs. The efficacy of tradable permit schemes in addressing the root cause of environmental decline,economic growth,will not be achieved unless the schemes cap economic activity based on ecological thresholds. Lessons can be learned from the largest tradable permit scheme to date, emissions trading now being implemented with the Kyoto Protocol. The Kyoto Protocol caps neither greenhouse gas emissions at a level that will achieve climate stability nor economic growth. If patterned after the Kyoto Protocol, cap-and-trade schemes for conservation will not ameliorate biodiversity loss either because they will not address economic growth. In response to these failures to cap economic growth, professional organizations concerned about biodiversity conservation should release position statements on economic growth and ecological thresholds. The statements can then be used by policy makers to infuse these positions into the local, national, and international environmental science-policy process when these schemes are being developed. Infusing language into the science-policy process that calls for capping economic activity based on ecological thresholds represents sound conservation science. Most importantly, position statements have a greater potential to ameliorate biodiversity loss if they are created and released than if this information remains within professional organizations because there is the potential for these ideas to be enacted into law and policy. Resumen:,Cada vez más, los permisos comerciables son parte de la política ambiental y de los programas de conservación. La eficacia de los esquemas de permisos comerciables para atender la causa principal de la declinación ambiental,crecimiento económico,será baja a menos que los esquemas limiten la actividad económica con base en umbrales ecológicos. Se pueden aprender lecciones del mayor esquema de permisos comerciables a la fecha, la comercialización de emisiones implementada con el Protocolo de Kyoto. El Protocolo de Kyoto no limita a las emisiones de gases a un nivel que logre la estabilidad climática ni al crecimiento económico. Si se sigue el modelo del Protocolo de Kyoto, los esquemas de límite y comercio tampoco reducirán las pérdidas de biodiversidad porque no considerarán al crecimiento económico. En respuesta a estas fallas para limitar el crecimiento económico, las organizaciones profesionales preocupadas por la conservación de la biodiversidad deberían emitir declaraciones sobre su posición respecto a umbrales ecológicos y de crecimiento económico. Las declaraciones luego pueden ser usadas por políticos para infundir estas posiciones en el proceso ciencia ambiental-política a nivel local, nacional e internacional cuando estos esquemas estén siendo desarrollados. La infusión de lenguaje que demanda la limitación de actividades de crecimiento económico con base en umbrales ecológicos es ciencia de la conservación sólida. Más notablemente, las declaraciones de posición tienen un mayor potencial para reducir las pérdidas de biodiversidad si son creadas y publicadas que si esta información permanece dentro de las organizaciones profesionales porque existe el potencial para que estas ideas se constituyan en leyes y políticas. [source] Economic Growth, Health and Poverty: An Exploratory Study for IndiaDEVELOPMENT POLICY REVIEW, Issue 2 2004Indrani Gupta This article analyses the possible links between economic growth, poverty and health, using panel data for the Indian states. The findings indicate that, though growth tends to reduce poverty, significant improvements in health status are also necessary for poverty to decrease. Also, economic growth and health status are positively correlated and have a two-way relationship, suggesting that better health enhances growth by improving productivity, and higher growth allows better human capital formation. Health expenditure is an important determinant of both higher growth and better health status, and is therefore a key tool available to policy-makers. Among other exogenous variables, literacy and industrialisation seem to improve both health outcomes and growth, and to reduce poverty. [source] The Internet, Economic Growth and GovernanceECONOMIC AFFAIRS, Issue 1 2000Gordon L. Brady The Internet developed largely as a ,spontaneous order' without central co-ordination. Further development will increase the mobility of capital and labour and make tax collection more difficult. Attempts at self-regulation and government regulation are now under way but meddling is likely to be ,wealth destructive and counter productive.' [source] The Role of Political Instability in Stock Market Development and Economic Growth: The Case of GreeceECONOMIC NOTES, Issue 3 2000Dimitrios Asteriou This article examines empirically the relationship between stock market development, political instability and economic growth in Greece. We measure socio-political instability by constructing an index which captures the occurrence of various phenomena of political violence using time-series data. The main advantages of analysing political instability in a case study framework using time-series, in contrast with the widely used cross-country empirical studies, are: (a) a more careful and in-depth examination of institutional and historical characteristics of a particular country; (b) the use of a data set comprised of the most appropriate and highest quality measures; and (c) a more detailed exposition of the dynamic evolution of the economy. The empirical results indicate the existence of a strong negative relationship between uncertain socio-political conditions and the general index of the Athens Stock Exchange (ASE) and support the theoretical hypothesis that uncertain socio-political conditions affect economic growth negatively, is true for the Greek case. (J.E.L.: G10, G14, O40, C32) [source] Causality and Feedback Between Institutional Measures and Economic GrowthECONOMICS & POLITICS, Issue 1 2000A. Chong Recent cross-section studies have demonstrated a strong link between measures of corruption, bureaucratic quality, property rights, and other institutional variables, and economic growth. In this paper we build on previous research and present some empirical evidence on the direction of causality between institutional measures and growth. It appears that the poorer the country, and the longer the wait, the higher the influence of institutional quality on economic growth. However, we also show the existence of reverse causality. Indeed, it appears that economic growth also causes institutional quality. [source] From R&D to Innovation and Economic Growth in the EUGROWTH AND CHANGE, Issue 4 2004Beñat Bilbao-Osorio ABSTRACT Over the last two decades many European governments have pursued ambitious research and development (R&D) policies with the aim of fostering innovation and economic growth in peripheral regions of Europe. The question is whether these policies are paying off. Arguments such as the need to reach a minimum threshold of research, the existence of important distance decay effects in the diffusion of technological spillovers, the presence of increasing returns to scale in R&D investments, or the unavailability of the necessary socio-economic conditions in these regions to generate innovation seem to cast doubts about the possible returns of these sort of policies. This paper addresses this question. A two-step analysis is used in order to first identify the impact of R&D investment of the private, public, and higher education sectors on innovation (measured as the number of patent applications per million population). The influence of innovation and innovation growth on economic growth is then addressed. The results indicate that R&D investment, as a whole, and higher education R&D investment in peripheral regions of the EU, in particular, are positively associated with innovation. The existence and strength of this association are, however, contingent upon region-specific socio-economic characteristics, which affect the capacity of each region to transform R&D investment into innovation and, eventually, innovation into economic growth. [source] Economic Growth, Social Protection and ,Real' Labour Markets: Linking Theory and PolicyIDS BULLETIN, Issue 2 2008James Heintz First page of article [source] Boom and Bust Cycle of the Stock Market, and Economic Growth in a Vintage Capital ModelINTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 3 2008Takeshi Kobayashi E13; E32; O33; O47 We construct a growth model of overlapping generations with vintage capital. There exists an equilibrium that converges to the balanced growth path through endogenous fluctuations of investment, consumption, and output in terms of the growth rate. When the technological change arrives and a rise in productivity is embodied only in newly invested capital, the economy converges to a new balanced growth path with a higher growth rate of output, but when we interpret the price of existing old capital as the stock market capitalization, the rise in productivity is accompanied by an initial decline in the stock market. Oscillatory equilibria are supported as perfect-foresight equilibria in the present framework with finitely lived agents and capital. Any oscillatory equilibrium is associated with the regime switch from an economy with both young and old capital in use into one with only old capital in use. [source] Cultural Districts, Property Rights and Sustainable Economic GrowthINTERNATIONAL JOURNAL OF URBAN AND REGIONAL RESEARCH, Issue 1 2002Walter Santagata The purpose of this article is to analyse the economic properties as well as the institutions governing the start-up and evolution of cultural districts. The first part of the article reviews the relationships between culture, viewed as an idiosyncratic good, and the theory of industrial districts. The second part comprises a critical discussion of four models of cultural districts: the industrial cultural district (mainly based on positive externalities, localized culture and traditions in ,arts and crafts'); the institutional cultural district (chiefly relying on the assignment of property rights); the museums cultural district (based on network externalities and the search for optimal size); and the metropolitan cultural district (based on communication technologies, performing arts and electronic trade). The assignment of intellectual property rights to local idiosyncratic cultural goods seems to be the most significant way to differentiate among cultural districts. The final section discusses a possible convergence of all district models towards the institutional district, based on the creation of a system of property rights as a means to protect localized production. Cet article tente d'analyser les propriétés économiques et les institutions qui régissent la création et l'évolution de districts culturels. La première partie étudie les relations entre la culture , vue comme un bien idiosyncrasique , et la théorie des districts industriels. La deuxième partie est un débat critique sur quatre modèles de districts culturels: le district culturel industriel (basé essentiellement sur des externalités positives, des cultures et traditions artisanales locales), le district culturel institutionnel (s'appuyant principalement sur l'attribution de droits de propriété), le district culturel des musées (fondé sur des effets d'entraînement en réseau et la recherche d'une taille optimale), et le district culturel métropolitain (basé sur les technologies de communication, des représentations artistiques et le commerce électronique). L'attribution de droits de propriété intellectuelle sur des biens culturels idiosyncrasiques locaux semble être la meilleure manière de différencier les districts culturels. La dernière partie de l'article examine une convergence possible de tous les modèles de district vers le district institutionnel, en s'appuyant sur la création d'un système de droits de propriété comme moyen de protection d'une production locale. [source] Financial Structure, Corporate Finance and Economic GrowthINTERNATIONAL REVIEW OF FINANCE, Issue 1 2000René M. Stulz This paper examines how a country's financial structure affects economic growth through its impact on how corporations raise and manage funds. We define a country's financial structure to consist of the institutions, financial technology and rules of the game that define how financial activity is organized at a point in time. We emphasize that the aspects of financial structure that encourage entrepreneurship are not the same as those that ensure the efficiency of established firms. Financial structures that permit the development of specialized capital by financial intermediaries are crucial to economic growth. [source] Financial Markets, Development and Economic Growth: Tales of Informational AsymmetriesJOURNAL OF ECONOMIC SURVEYS, Issue 3 2004Salvatore Capasso Abstract., The development of financial systems is very often characterised by the development of innovative financial contracts which allow a more efficient allocation of resources and a higher level of capital productivity and economic growth. By exploiting the microeconomic theory of the optimal financial contract under asymmetric information, economists have recently managed to shed new light on the well studied issue of the relationship between financial market development and economic growth. This paper reviews the most recent progress of this literature which shows that the amount of information asymmetry in the credit market and the degree of heterogeneity between borrowers (typically firms) and lenders (typically workers or savers) determine the nature of the financial system. Differences in endowments and in the level of information distribution can give rise to very different financial contracts which affect, and in turn are affected, by capital accumulation and growth. [source] Impact of the Community Reinvestment Act on New Business Start-Ups and Economic Growth in Local Markets,JOURNAL OF SMALL BUSINESS MANAGEMENT, Issue 4 2009Nada Kobeissi Economic growth in the United States has historically bypassed many minorities and low-income communities. Some researchers and community advocates assert that the deterioration of these communities is in part caused by financial institutions' redlining and neglect. To rectify the situation, the government introduced the Community Reinvestment Act (CRA) for the purpose of encouraging banks and saving institutions to become more socially responsible and help meet the credit needs of communities in which they are located. The CRA was the government's response to bank lending discrimination. However, when passing the Act, Congress was equally concerned with reversing or at least halting disinvestment from inner-city communities and in turn revitalizing local economies. Many believe that the availability of credit to establish, refinance, and improve small businesses is critical to the well-being of local communities. Therefore, through the provision of small business loans, the CRA could be envisioned as a catalyst toward achieving that goal. Thus the aim of this paper is to investigate potential relationship between banks' CRA lending activities, and new business start-ups and economic growth in local markets. The paper proposes that new start-ups will have spillover effects that will consequently contribute to community development. After controlling for several potential variables that could have an impact on business start-ups and community developments, the study found a strong positive effect. Beside its social and economic implications, the study also considered policy implications associated with the CRA regulation as a welfare improving initiative in low-income communities. It offers ground for certain government intervention in the loan market. [source] The Impact of Trade Liberalisation on Economic Growth: Evidence from a Quantile Regression AnalysisKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 4 2008Neil Foster SUMMARY Individual country experience with trade liberalisation has been mixed. This paper examines the relationship between liberalisation and growth for a sample of 75 liberalising countries. To consider the importance of heterogeneity in the growth response to liberalisation this paper employs quantile regression methods which allow the coefficient on liberalisation to vary across the conditional growth distribution. The results suggest that countries experiencing the lowest rates of growth benefit most from liberalisation. The results also suggest that while such countries benefit most in the long-run they are the most likely to suffer from short-run negative effects of liberalisation. [source] Economic Growth and Potential Punishment Under DictatorshipKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2007Abel Escribà-Folch SUMMARY This paper explores whether the probability of being punished after losing power leads dictators to restrain their level of predation and, thus, increase economic growth. To do so, a simple model of predatory rule is developed, and the consequences of an increasing probability of punishment after loosing power explored. New data on dictators' post-exit fate have permitted to estimate the predicted probability of punishment taking place by using multinomial logit. Outgoing dictators' strength and the international context are shown to be the main determinants of post-exit scenarios. The probability of punishment is proven to have a positive and significant effect on the rate of growth of GDP under alternative specifications of growth regressions. [source] The Impact of Intelligence and Institutional Improvements on Economic GrowthKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 3 2002Erich Weede Standard indicators of human capital endowment , like literacy, school enrollment ratios or years of schooling , suffer from a number of defects. They are crude. Mostly, they refer to input rather than output measures of human capital formation. Occasionally, they produce implausible effects. They are not robustly significant determinants of growth. Here, they are replaced by average intelligence. This variable consistently outperforms the other human capital indicators in spite of suffering from severe defects of its own. The immediate impact of institutional improvements, i.e., more government tolerance of private enterprise or economic freedom, on growth it is in the same order of magnitude as intelligence effects are. The senior author is responsible for picking a ,politically incorrect' topic, i.e., analyzing the impact of IQ or average intelligence. The junior author has done the data compilation and the computations. [source] Income Inequality and Economic GrowthKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 3 2000Pak Hung Mo We develop an analytical framework to investigate some plausible channels that income inequality affects economic growth. Our empirical study concludes that income inequality has significant negative effect on the rate of GDP growth. Among the channels suggested by recent literature, we find that the most important one is the transfer channel while the least important one is the human capital channel. However, the direct impact of income inequality on the rate of productivity growth accounts for more than 55 percent of its overall total effect. This indicates that the effects of income inequality on economic growth are much more complicated than what we have perceived or modeled. [source] Causality Tests for Cross-Country Panels: a New Look at FDI and Economic Growth in Developing CountriesOXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 2 2001Usha Nair-Reichert The remarkable increase in FDI flows to developing countries over the last decade has focused attention on whether this source of financing enhances overall economic growth. We use a mixed fixed and random (MFR) panel data estimation method to allow for cross country heterogeneity in the causal relationship between FDI and growth and contrast our findings with those from traditional approaches. We find that the relationship between investment, both foreign and domestic, and economic growth in developing countries is highly heterogeneous and that estimation methods which assume homogeneity across countries can yield misleading results. Our results suggest there is some evidence that the efficacy of FDI in raising future growth rates, although heterogeneous across countries, is higher in more open economies. [source] Fertility and Economic Growth: Do Immigrant Maids Play a Role?PACIFIC ECONOMIC REVIEW, Issue 2 2002Sucharita Ghosh A significant source of child-care services in East and South-East Asia are provided by immigrant maids. Using a modified version of the model used in Galor and Weil (1996), the present paper analyses the impact of this source of child-care services on women's labor market participation, fertility behavior and the household purchase of child-care services. The results show that a lower price for the maid service leads to a lower savings rate, a higher demand for children and less time being spent with children. We also find that hiring immigrant maids leads to lower economic growth in the long run. [source] Public Capital and Economic Growth: A Critical SurveyPERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue S1 2007Ward Romp We first survey the channels through which public capital can conceivably affect growth. We then turn to reviewing the existing empirical literature, and we conclude that although not all studies find a growth-enhancing effect of public capital, there is now more consensus than in the past that public capital furthers economic growth. However, the impact reported by recent studies is not as big as some earlier studies suggested. We conclude with an overview of what is known about the optimality of public capital stocks. [source] Politics and Economic Development: Why Governments Adopt Different Strategies to Induce Economic GrowthPOLICY STUDIES JOURNAL, Issue 2 2001Martin Sail This article assesses the forces that drive governments to engage in economic development activity and attempts to explain why communities adopt different strategies to bring about the common goal of economic well-being. I address this issue at the state policy level by assessing the relationship between economic development strategy and theories of policy adoption in a pooled times series analysis using indicators of interstate competition, fiscal stress, and state ideology collected between 1983 and 1994. I find that economic development strategy choices are largely a function of interjurisdictional competition. The implications of my findings are discussed. [source] | ||||||||||||||||||||||||||||||||||