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In: Steven Yamarik and Chelsea Redmon, 2017. "Economic Freedom and Corruption: New Cross-Country Panel Data Evidence," Journal of Private Enterprise, vol. 32(Summer 20), pages 17-44.
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In: Contemporary economic policy: a journal of Western Economic Association International, Band 31, Heft 1, S. 62-72
ISSN: 1465-7287
This paper presents state‐by‐state capital stock and gross investment estimates for 1990–2007. I follow the methodology of Garofalo and Yamarik (The Review of Economics and Statistics, 84, 2002, 316–23) and apportion the national capital stock to the individual states using one‐digit NAICS income data. I then test the soundness of the data by estimating a Cobb–Douglas production function and a Solow growth model using a variety of panel data estimators. Under both models, I obtain estimates of the output elasticity for capital that are plausible and close to the observed national income share of one‐third. (JEL O47, O51, R11)
In: Regional studies: official journal of the Regional Studies Association, Band 40, Heft 6, S. 571-582
ISSN: 1360-0591
In: The Manchester School, Band 69, Heft 1, S. 16-30
ISSN: 1467-9957
The growth implications of a nonlinear tax structure are investigated. The interest here is on the distortionary not the redistributive effects of taxation on economic growth. The study finds two results. First, the inclusion of a nonlinear tax structure into an Ak growth model introduces the convergence behavior of the neoclassical growth model while retaining the steady‐state growth properties of the Ak model. Second, a tax structure that is more progressive through time will lower the transitional growth rate and raise the speed of convergence. Therefore, it is suggested that the tax structure may be another source of observed differences in per capita growth rates.
In: Economics Letters, Band 68, Heft 8
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In: The Journal of International Trade & Economic Development, Band 24(1), S. 43-75
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In: Journal of international trade & economic development: an international and comparative review, Band 24, Heft 1, S. 43-75
ISSN: 1469-9559
In: Environment and development economics, Band 16, Heft 6, S. 657-684
ISSN: 1469-4395
AbstractIn this paper, we estimate the individual effects of natural openness and trade policy on air pollution. Natural openness is the component of the trade share (imports and exports as a percentage of GDP) attributable to population, geography and factor endowment differences. We find that natural openness reduces air pollution, while trade policy has a limited impact. The implication is that 'natural' geographic and endowment differences play a more important role than deliberate trade policy decisions in explaining the trade and environment link.
In: Economics Letters, Band 116, Heft 2
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In: The International trade journal, Band 19, Heft 1, S. 83-126
ISSN: 1521-0545
In: Journal of international economics, Band 63, Heft 2, S. 369-395
ISSN: 0022-1996
In: The International Trade Journal 19 (Spring 2005): 83-126
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In: Economics Letters, Band 82, Heft 2
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In: Journal of International Economics, Band 63, Heft 2
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In: Growth and change: a journal of urban and regional policy, Band 50, Heft 4, S. 1411-1422
ISSN: 1468-2257
AbstractThis paper presents updated estimates for state‐level private capital and investment for 1950–2015. We improve upon the procedure of Garofalo and Yamarik (2002) and Yamarik (2013) using quantity measures to apportion the mining capital stock and a geometric pattern of depreciation to derive investment data. We provide a brief overview of our new estimates, discuss their reliability, and present the website where the data are posted and updated annually.