This exploratory study examines the impact of various forms of economic freedom and various dimensions of governance, as well as a number of economic factors, on economic growth among OECD nations. Empirical estimation finds that the natural log of per capita purchasing-power-parity adjusted...

The present paper examines the impact that budget deficits exercise on economic growth in the United States. Using a simple growth model that includes a variety of public policy variables, we provide Instrumental Variables (IV) estimates that indicate growth in the United States over time. The...

This study empirically investigates three hypotheses. The first is that higher levels of economic freedom in an economy promote a higher growth rate of economic activity and hence yield a higher growth rate of per capita real GDP in that economy. The second hypothesis is that higher quality...

Using panel data for OECD nations for the period 2003-2009, the fixed-effects estimations in this study all provide strong support for the three central hypotheses considered here, namely: (1) the standard of living in a nation, measured in this study as the level of purchasing-power-parity...

This study of the impact of economic freedom on per capita real GDP among OECD nations over the 2003-2006 period, with each OECD nation during this time frame being treated as a de facto “economic region” within the OECD, finds strong initial support for the hypothesis proffered here that...

This theoretical analysis develops a model for analyzing public policy in interdependent economies. The model allows for feed-backs between the commodity, money, and labor markets in all of the economic systems. Regionally oriented monetary policies are fully analyzed, as are regional oriented...

This empirical note investigates the impact of geographic after-tax real, as opposed to nominal, income differentials on geographic population growth rates. The focus is on Florida's 67 counties and the 1980-88 time period. The empirical results imply that the population growth rate in Florida...

This reply extends our previous study on migration by estimating a system of simultaneous equations by two stage least squares. This set of results implies even more strongly than our original study, which was a single-equation system estimated by ordinary least squares, that in-migration is...

This empirical study investigates the hypothesis that the elderly are much more motivated in the decision to migrate by quality of life factors than by economic factors. The focus is on net interstate migration of persons age 65 and over during the 1965-70 time period. Elderly migrants are shown...

This empirical study identifies factors that have contributed to the differential growth rates between the so-called "sun-belt" states on the one hand and the so-called "frost-belt" states on the other hand. The model deals with the 48 contiguous states and the 1975-1980 time period. It finds...