Report

Altered states: a perspective on 75 years of state income growth


Abstract: According to a study featured in the Federal Reserve Bank of Cleveland's 2005 Annual Report, differences in state income levels can be explained largely by two factors: innovation and workforce skills. The study's findings suggest that increasing a region's knowledge base should be a primary component of economic development strategies.

Keywords: Education - Economic aspects; Economic development; Income;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Annual Report

Publication Date: 2005

Pages: 7-22