Robust Correlates of County-Level Growth in the U.S.

10 Pages Posted: 4 May 2007  

Matthew John Higgins

Georgia Institute of Technology & NBER; National Bureau of Economic Research (NBER)

Andrew T. Young

Texas Tech University - Rawls College of Business

Daniel Levy

Bar-Ilan University - Department of Economics; Emory University - Department of Economics; Rimini Center for Economic Analysis

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Abstract

Higgins et al. (2006) report several statistically significant partial correlates with U.S. per capita income growth. However, Levine and Renelt (1992) demonstrate that such correlations are hardly ever robust to changing the combination of conditioning variables included. We ask whether the same is true for the variables identified as important by Higgins et al. Using the extreme bounds analysis of Levine and Renelt, we find that the majority of the partial correlations can be accepted as robust. The variables associated with those partial correlations stand solidly as variables of interest for future studies of U.S. growth.

Keywords: Economic Growth, Conditional Convergence, Extreme Bounds Analysis, County-Level Data

JEL Classification: O40, O11, O18, O51, R11, H50, H70

Suggested Citation

Higgins, Matthew John and Young, Andrew T. and Levy, Daniel, Robust Correlates of County-Level Growth in the U.S.. Emory Law and Economics Research Paper No. 07-16. Available at SSRN: https://ssrn.com/abstract=984418 or http://dx.doi.org/10.2139/ssrn.984418

Matthew John Higgins

Georgia Institute of Technology & NBER ( email )

800 West Peachtree Street
Atlanta, GA 30308
United States
404-894-4368 (Phone)
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National Bureau of Economic Research (NBER) ( email )

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Andrew T. Young (Contact Author)

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

Daniel Levy

Bar-Ilan University - Department of Economics ( email )

Ramat-Gan, 5290002
Israel
+972 3 531-8345 (Phone)
+972 3 738-4034 (Fax)

HOME PAGE: http://econ.biu.ac.il/en/levy

Emory University - Department of Economics ( email )

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Rich Building
Atlanta, GA 30322-0001
United States

HOME PAGE: http://economics.emory.edu/home/people/faculty/Levydaniel.html

Rimini Center for Economic Analysis ( email )

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Rimini (RN), RN 47900
Italy

HOME PAGE: http://www.rcfea.org/

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