How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States: 1840-2000?

Turner, Chad and Tamura, Robert and Mulholland, Sean (2008): How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States: 1840-2000?

Abstract

This paper introduces new data on state-level physical capital by sector and land in the farm sector for the states of the United States from 1840 to 2000. These data are incorporated into aggregate accounting exercises, with the aim of comparing cross-state results to those found in cross-country samples. Our aggregate results agree closely with the cross-country literature: input accumulation accounts for most of output growth, but variation in the level and growth of TFP accounts for most of the variation in the level and growth of output per worker.

• Item Type: MPRA Paper
• Language: English
• Keywords: state physical capital; state human capital; state real output; state total factor productivity
• Subjects: E - Macroeconomics and Monetary Economics > E0 - General > E01 - Measurement and Data on National Income and Product Accounts and Wealth ; Environmental Accounts; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity

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