State Policies, Research, and Economic Development

Center for Social & Economic Research Economic Convergence and Economic Policies

Do State Fiscal Policies Affect State Economic Growth?

What factors influence state economic growth? This paper uses annual state (and local) data for the years 1947 to 1997 for the 48 contiguous states to estimate the effects of a large number of factors, including taxation and expenditure policies, on state economic growth. A special feature of the empirical work is the use of orthogonal distance regression (ODR) to deal with the likely presence ...

Linking Sustainable Use Policies to Novel Economic Incentives to Stimulate Antibiotic Research and Development

There is now global recognition that antibiotic resistance is an emerging public health threat. Policy initiatives are underway to provide concrete suggestions for overcoming important obstacles in the fight against antibiotic resistance, like the alarming current paucity of antibacterial innovation. New economic models are needed as incentives for the discovery and development of novel antibac...

UK Housing and Planning Policies : the evidence from economic research

• In 2014, UK house prices per square metre were the second highest in the world (topped only by Monaco), with especially high valuations in London and the South East. New houses are about 40% smaller than in similarly densely populated European countries. • Over the last 40 years, house price growth in the UK has been faster than in any other OECD country and has far outstripped earnings growt...

Spatial Inequality and Economic Development: Theories, Facts, and Policies

Although systematic evidence on the extent of spatial inequality in developing countries is still relatively scarce, a growing body of work documents the existence of such inequalities in countries in Africa, Asia, Europe, and Latin America (Kanbur and Venables 2005a, 2005b; Kanbur, Venables, and Wan 2006). Little consensus has emerged, however, on the causes of spatial inequality or the ways i...