Small states have attracted a good deal of research. The authors test whether micro-states are any different from other states in income, growth, and volatility. They find that, controlling for location, smaller states are actually richer than other states in per capita GDP. This income advantage largely reflects a productivity advantage--evidence against the idea that micro-states are unable to exploit increasing rates of return to scale. Small states...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1999/06/30
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Рабочий документ в рамках исследования вопросов политики
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WPS2139
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1
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1
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2010/07/01
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Disclosed
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Small states, small problems?
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small states