Journal Article

Paths to prosperity: knowledge is key for Fourth District states

Abstract: Even as per capita income has increased across the United States, differences among states? incomes remain. What are the sources of these remaining differences? This Commentary identifies and analyzes the key factors?patents, educational attainment, and industry structure?that influence income-growth rates and thus per capita incomes. It also explores where the Fourth District falls in relation to other states and the country as a whole.

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

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2006

Issue: Aug

Order Number: 2