Which Policies Promote Statewide Economic Growth?
At the height of the U.S. election season, the San Francisco Federal Reserve Bank has issued a report considering which policies contribute the most to economic and job growth at the state level. The impact of government policies can be measured by a number of different metrics, ranging from taxes to technology and productivity to quality of life. The report, "Assessing State Business Climate Indexes," evaluated 10 such indices and came up with some interesting findings.
The Fed researchers grouped their measures into two categories. The first focused on productivity and quality-of-life policies, with metrics on human capital, infrastructure (including technology), business incubation/entrepreneurship and other criteria like crime and health insurance. The second set focused on taxes and costs, including measures of tax burdens, nontax costs of doing business, size of government, regulation, litigation, and welfare and other transfer payments....539 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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