Search Results
Journal Article
NAFTA and the Midwest
Proceedings of the October 2, 1992 meeting of the Fourth District Economists' Roundtable, which looked at the North American Free Trade Agreement's likely impact on the U.S. and Midwest economies.
Working Paper
Unionization and cost of production: compensation, productivity, and factor-use effects
A demonstration that unionization can affect cost of production through increases in compensation, through shifts in technologies, and through deviations from the least-cost combination of inputs (the factor-use effect).
Working Paper
Public infrastructure and regional economic development: a simultaneous equations approach
A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.
Journal Article
Regional wage convergence and divergence: adjusting wages for cost-of- living differences
An examination of the divergence of U.S. regional fortunes in the early 1980s, showing that once regional prices are factored in, relative wage rates continue to converge across regions. The trend in regional wage variation is also shown to be attributable to declining differences in labor market valuations of worker attributes, rather than to shifts in the regional composition of the workforce.
Journal Article
Can R&D be the RX for the midwest?
A discussion of the reasons for, and effects of, lower overall R&D spending by Midwest firms as compared to East and West Coast firms, with a comparative analysis of the influence of the shortfall on sales and regional economic growth.
Working Paper
Estimating the contribution of urban public infrastructure to regional growth
An estimation of components of public capital stock for 38 metropolitan areas from 1953 to 1981, using the perpetual inventory method. These series are used to estimate the effect of public capital stock on regional manufacturing production.
Working Paper
Wagner's hypothesis: a local perspective
Wagner's hypothesis of an expanding public sector as an economy develops is tested using pooled time-series cross-sectional data for U.S. states from 1964 to 1986. Comparing government size among fiscal jurisdictions within a single nation reduces the problems of data comparability and of controlling for cultural and institutional differences that plague the more common international tests of this theory. Our results are inconsistent with Wagner's hypothesis, yielding a negative relationship between public-sector size and output. However, some empirical support is found in the protective ...