Why do American state economies grow at such vastly different rates and manifest such wide differences in living standards? Volatile States identifies the sources of rising living standards by examining the recent economic and fiscal history of the American states. With new insights about the factors that contribute to state economic success, the book departs from traditional analyses of economic performance in its emphasis on the role of volatility. Volatile States identifies institutions and policies that are key determinants of economic success and illustrates the considerable promise of a mean-variance criterion for assessing state economic performance. The mean-variance perspective amends applications of growth models that rely on the mobility of productive factors keyed to income levels alone. Simply measuring the level of growth in state economies reveals an incomplete and perhaps distorted picture of performance. Taking the volatility of state economies explicitly into account refines the whole notion of "economic success." This book is essential reading for economists, political scientists, and policy-makers who routinely confront questions about the consequences of alternative institutional arrangements and economic policy choices. W. Mark Crain is Professor of Economics and Research Associate, James M. Buchanan Center for Political Economy, George Mason University.
When properly understood, she shows, volatile behavior can become less confusing for observers and potentially less dangerous. This book offers novel, evidence-based tools to cope with volatility in the global arena.
When properly understood, she shows, volatile behavior can become less confusing for observers and potentially less dangerous. This book offers novel, evidence-based tools to cope with volatility in the global arena.
This volume provides an introduction to the Eastern Mediterranean region and introduces the concept of the Eastern Mediterranean as a new regional subsystem.
Ari Shavit, “The Bomb and the Bomber,” New York Times, March 21, 2012, http://www .nytimes.com/2012/03/22/opinion/the-bomb-and-the-bomber.html. 2. Steven A. Cook, “Don't Fear a Nuclear Arms Race in the Middle East,” Foreign Policy, ...
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When properly understood, she shows, volatile behavior can become less confusing for observers and potentially less dangerous. This book offers novel, evidence-based tools to cope with volatility in the global arena.
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.
" Raymond Tatalovich has conducted the first detailed, systematic, and empirical study of the official English movement in the United States, seeking answers to two crucial questions: What motivations underlie the agitation for official ...
It has, the book demonstrates, been for years an almost unmitigated failure due to the ingrained political culture of corruption amongst the Congolese elite, abetted by the complicity and incompetence of international partners.
How Do State Agencies In Region 3 Determine Compliance With Volatile Organic Compound Regulations