KNOWLEDGE MATTERS: THE LONG‐RUN DETERMINANTS OF STATE INCOME GROWTH*
研究了1939至2004年美国48个州人均收入差距缩小的原因，发现技术水平和大学教育程度是决定各州收入高低的关键因素。
ABSTRACT State per capita income differences narrowed considerably between 1939 and 1976. However, this convergence has been incomplete. We examined the sources of relative per capita income growth using an augmented growth model and a panel of the 48 contiguous states from 1939 to 2004. We explored the effect of tax burdens, public infrastructure, size of private financial markets, rates of business failure, industry structure, climate, educational attainment, and technology production. Our results show that a state's technology and its college attainment rates are the main factors that allow some state's per capita income to remain above those of other states.