WHAT DO BUSINESS CLIMATE INDEXES TEACH US ABOUT STATE POLICY AND ECONOMIC GROWTH?*

被引:23
|
作者
Kolko, Jed [1 ]
Neumark, David [2 ]
Mejia, Marisol Cuellar [3 ]
机构
[1] Trulia Inc, San Francisco, CA 94105 USA
[2] Univ Calif Irvine, Dept Econ, Irvine, CA 92697 USA
[3] Publ Policy Inst Calif, Sacramento, CA 95814 USA
关键词
UNITED-STATES; LOCATION DECISIONS; FIRM LOCATION; TAXES; DETERMINANTS; QUALITY; JOBS;
D O I
10.1111/j.1467-9787.2012.00782.x
中图分类号
F [经济];
学科分类号
02 ;
摘要
State business climate indexes capture state policies that might affect economic growth. State rankings in these indexes vary wildly, raising questions about what the indexes measure and which policies are important for growth. Indexes focused on productivity do not predict economic growth, while indexes emphasizing taxes and costs predict growth of employment, wages, and output. Analysis of sub-indexes of the tax-and-cost-related indexes points to two policy factors associated with faster growth: less spending on welfare and transfer payments; and more uniform and simpler corporate tax structures. But factors beyond the control of policy have a stronger relationship with economic growth.
引用
收藏
页码:220 / 255
页数:36
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