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

Posted: 16 Oct 2007 Last revised: 29 Oct 2015

See all articles by Matthew John Higgins

Matthew John Higgins

University of Utah - Department of Entrepreneurship & Strategy; National Bureau of Economic Research (NBER); Max Planck Institute for Innovation and Competition

Andrew T. Young

Texas Tech University - Rawls College of Business

Daniel Levy

Bar-Ilan University - Department of Economics; Emory University - Department of Economics; International School of Economics at Tbilisi State University; Rimini Centre for Economic Analysis; International Centre 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.. Applied Economics Letters, 2010, vol 17, no 3, pp. 293-296, Emory Law and Economics Research Paper No. 07-19, Emory Public Law Research Paper No. 07-22, Available at SSRN: https://ssrn.com/abstract=1021670

Matthew John Higgins (Contact Author)

University of Utah - Department of Entrepreneurship & Strategy ( email )

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National Bureau of Economic Research (NBER) ( email )

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Max Planck Institute for Innovation and Competition ( email )

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Andrew T. Young

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

Daniel Levy

Bar-Ilan University - Department of Economics ( email )

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

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HOME PAGE: http://economics.emory.edu/home/people/faculty/biography/levy-daniel.html

International School of Economics at Tbilisi State University ( email )

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Rimini Centre for Economic Analysis ( email )

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Italy

HOME PAGE: http://https://www.rcea.world/

International Centre for Economic Analysis ( email )

Wilfrid Laurier University
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Canada

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