Altered states: a perspective on 75 years of state income growth

Paul Bauer (), Mark Schweitzer and Scott Shane

Annual Report, 2005, 7-22

Abstract: According to a study featured in the Federal Reserve Bank of Cleveland's 2005 Annual Report, differences in state income levels can be explained largely by two factors: innovation and workforce skills. The study's findings suggest that increasing a region's knowledge base should be a primary component of economic development strategies.

Keywords: Education - Economic aspects; Economic development; Income (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcar:y:2005:p:7-22

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