REGIONAL GROWTH IN THE UNITED STATES: A RE-EXAMINATION OF THE NEOCLASSICAL MODEL*

1977 ◽  
Vol 17 (1) ◽  
pp. 61-69 ◽  
Author(s):  
Paul S. Lande ◽  
Peter Gordon
Keyword(s):  
United States ◽  
Regional Growth ◽  
The United States ◽  
Neoclassical Model

scholarly journals Regional Economic Outlook, October 2019, Western Hemisphere Department

2019 ◽  
Author(s):  
Keyword(s):  
United States ◽  
Global Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
Regional Growth ◽  
Commodity Prices ◽  
The United States ◽  
Western Hemisphere ◽  
Trading Partners ◽  
Global Growth

The global economy has slowed, with important consequences for growth prospects in Latin America and the Caribbean. The slowdown in economic activity has been broad-based among advanced economies and more pronounced in emerging markets and developing economies, partly reflecting trade and geopolitical tensions. Global growth is projected to decline to the lowest level since the global financial crises, before recovering in 2020. More importantly, growth is projected to decline in 2019–20 in the United States and China, which are LAC’s two main trading partners. The ongoing sluggishness of global growth and trade is affecting export growth in LAC, posing significant headwinds to the outlook. External demand for the region remains subdued, with trading partner growth (including China, Europe, other LAC countries, and the United States) projected to decline in 2019, before recovering modestly over the medium term. Moreover, commodity prices (notably energy and metals), key drivers of growth in LAC in the past, are projected to decline with a likely modest negative impact on regional growth going forward.

Regional Growth and Decline in the United States: The Rise of the Sunbelt and the Decline of the Northeast

1979 ◽  
Vol 145 (1) ◽  
pp. 119
Author(s):  
J. H. Paterson ◽  
Bernard L. Weinstein ◽  
Robert E. Firestine
Keyword(s):  
United States ◽  
Regional Growth ◽  
The United States

Entrepreneurship and Regional Growth Regimes in the United States

2021 ◽  
pp. 24-33
Author(s):  
John Appert ◽  
Ege Can ◽  
Frank M. Fossen
Keyword(s):  
United States ◽  
Positive Relationship ◽  
Employment Growth ◽  
Regional Growth ◽  
The United States ◽  
Revolving Door ◽  
Us States ◽  
Start Up ◽  
The Us ◽  
Start Ups

<p xss=removed><span lang="EN-GB" xss=removed>We investigate regional growth regimes in the US states from 1980 to 2014. Based on start-up rates and employment growth as suggested by Audretsch and Fritsch (2002), we classify states into routinized, entrepreneurial, revolving door, and downsizing regimes. The results indicate that there was no significant association between start-up rates and employment growth in the 1980s, but a positive relationship in the 1990s, 2000s, and 2010s. Further, we document that the entrepreneurial and the downsizing regimes are attractor regimes that tend to stick, whereas the routinized and revolving door regimes are transitionary regimes. Importantly, states in the routinized regime predominantly move to the downsizing regime, suggesting that an over-reliance on established companies relative to start-ups in the state may threaten employment growth in the long run.</span><br></p>

scholarly journals Optimal Positive Capital Taxes at Interior Steady States

2021 ◽  
Vol 13 (1) ◽  
pp. 114-150
Author(s):  
Jess Benhabib ◽  
Bálint Szoőke
Keyword(s):  
United States ◽  
Steady State ◽  
Upper Bound ◽  
Wealth Distribution ◽  
The United States ◽  
Steady States ◽  
Sufficient Condition ◽  
Neoclassical Model ◽  
Equilibrium Trajectory ◽  
Endogenous Labor

We generalize recent results of Bassetto and Benhabib (2006) and Straub and Werning (2019) in a neoclassical model with endogenous labor-leisure choice where all agents are allowed to save and accumulate capital. We provide a sufficient condition under which optimal redistributive capital taxes remain at their allowed upper bound forever, even if the resulting equilibrium trajectory converges to a unique steady state with positive and finite consumption, capital, and labor. We then provide an interpretation of our sufficient condition. Using recent evidence on wealth distribution in the United States, we argue that our sufficient condition is empirically plausible. (JEL D31, E21, H21, H23, H25, J22)

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