2017, Volume 70 - Issue 3
RSS feed citation: At RePEc
Publication date: 01 August 2017
ASYMMETRIC EFFECT OF REAL EXCHANGE RATE VOLATILITY ON AGRICULTURAL PRODUCTS EXPORT: A CASE STUDYRead the article
FACTORS INFLUENCING INTER-REGIONAL LIVING-COST DIFFERENTIALS: PANEL DATA ANALYSIS FOR THE CASE OF THE U.S.Read the article
HOW MUCH INEQUALITY IS HARMFUL FOR GROWTH? THE GROWTH MAXIMIZING RATE OF INEQUALITY IN THE CONTEXT OF THE MEXICAN ECONOMYRead the article
PROCYCLICAL TENDENCIES IN A SMALL OIL EXPORTERRead the article
WHEN IS LOWER INFLATION LESS STABLE? EVIDENCE FROM EIGHT DEVELOPING ECONOMIESRead the article
INDIA'S BURGEONING FOOD SUBSIDIES: HOW MUCH CAN WE BLAME THE FOOD CORPORATION OF INDIA?Read the article
Richard J. CEBULA, Davis College of Business, Jacksonville University, Jacksonville, Florida, USA
John CONNAUGHTON , University of North Carolina Charlotte, North Carolina, USA
Caroline SWARTZ, University of North Carolina Charlotte, North Carolina, USA
This empirical study seeks to identify key factors that have influenced geographic (interstate) living-cost differentials in the U.S. in recent years. However, given the evolving literature on the effects of economic freedom in recent years, unlike previous related studies, there is a focus here on the impact of market freedom, in particular, overall labor market freedom. This study effectively differs from previous related studies in a number of ways, including: (a) the adoption of a state-level panel dataset for estimation purposes that represents the period 2000-2012; (b) studying domestic geographic living-cost differentials through Cross Section Random Effects and other estimations; and (c) formally inquiring expressly whether a higher level of labor market freedom (a factor heretofore effectively ignored in the literature on inter-regional living-cost differentials), by increasing the efficiency of labor market transactions so as to reduce the overall cost of production and/or distribution of goods and services within the state, acts to reduce the overall cost of living in the state. Among other things, the estimations all provide compelling evidence that states with higher levels of overall labor market freedom do have a lower overall cost of living.
R11, R20, R22, R29
Interstate Living-Cost Differentials, Labor Market Freedom, Income, Population Size, Demographic Traits, Climate
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