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Federal Reserve Bank of Cleveland
Economic Commentary
Paths to prosperity: knowledge is key for Fourth District states
Paul W. Bauer
Mark E. Schweitzer
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.


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Paul W. Bauer & Mark E. Schweitzer, "Paths to prosperity: knowledge is key for Fourth District states" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Aug, 2006.
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Keywords: Economic development ; Income ; Education - Economic aspects
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