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

Author

Listed:
  • Paul W. Bauer
  • Mark E. Schweitzer
  • Scott Shane

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.

Suggested Citation

  • Paul W. Bauer & Mark E. Schweitzer & Scott Shane, 2005. "Altered states: a perspective on 75 years of state income growth," Annual Report, Federal Reserve Bank of Cleveland, pages 7-22.
    • Handle: RePEc:fip:fedcar:y:2005:p:7-22
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