A Spatial Analysis of Incomes and Institutional Quality: Evidence from US Metropolitan Areas

Jamie Bologna, Donald Lacombe and Andrew Young ()
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Donald Lacombe: West Virginia University, Department of Agricultural and Natural Resource Economics

No 14-11, Working Papers from Department of Economics, West Virginia University

Abstract: We use the Stansel (2013) metropolitan area economic freedom index and 25 conditioning variables to analyze the spatial relationships between institutional quality and economic outcomes across 381 U.S. metropolitan areas. Specifically, we allow for spatial dependence in both the dependent and independent variables and estimate how economic freedom impacts both per-capita income growth and per-capita income levels. We find that while economic freedom and income levels are directly and positively related, increases in economic freedom in one area result in negative indirect effects on income levels in surrounding areas. In addition, we find that economic freedom has an insignificant relationship with economic growth.

Keywords: institutional quality; economic freedom; income levels; income growth; spatial dependence; spillovers (search for similar items in EconPapers)
JEL-codes: O12 O43 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2014-03
New Economics Papers: this item is included in nep-geo, nep-gro and nep-ure
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Citations: View citations in EconPapers (9)

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Journal Article: A spatial analysis of incomes and institutional quality: evidence from US metropolitan areas (2016)
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