The Texas economic model, miracle or mirage? A spatial hedonic analysis

Hongbo Wang

The Annals of Regional Science, 2016, vol. 56, issue 2, No 4, 393-417

Abstract: Abstract As a state without a personal income tax that has experienced strong employment and population growth in the past, Texas was held up as the economic policy model for Kansas and Oklahoma to follow in recently cutting their personal income tax rates. Using microlevel data, this paper examines whether Texas has benefitted from its mix of public policies by examining the geographic patterns of estimated quality-adjusted wages and housing costs across the USA. The overall finding is the absence of significantly positive capitalized effects from the policies of Texas. The only significant capitalized policy effect found was lower quality of life in Texas nonmetropolitan areas relative to those in Oklahoma.

JEL-codes: H30 R51 R58 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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Working Paper: The Texas Economic Model, Miracle or Mirage? A Spatial Hedonic Analysis (2015)
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DOI: 10.1007/s00168-016-0744-y

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