An Overview of the Economic Performance of States in the U.S. from 2010-2022
Abstract
Questions about economic performance are some of the most frequently asked questions posed to economists. This paper illustrates the relative performance of states over 2010-2022 in terms of RGDP growth, population growth, and growth in per capita RGDP. The authors present information on trends in the performance of U.S. states over the recent 2010 - 2022 period, which followed the Global Financial Crisis and the Great Recession. During this period, some states with high RGDP growth and high population growth, like Texas, also had moderate levels of per capita RGDP growth. Other states, such as California, had high RGDP growth but moderate population growth, and yet had very high per capita RGDP growth. Additionally, states with higher levels of RGDP per capita tend to grow more slowly than states with lower levels of RGDP per capita. This tendency toward convergence is a prediction of the Solow Growth Model.
Description
EconomicGrowth_Development_TechnicalChangeCollections
Citation
Jansen, Dennis W.; Kim, Joon Hwa (2023). An Overview of the Economic Performance of States in the U.S. from 2010-2022. Private Enterprise Research Center, Texas A&M University; Texas A&M University. Library. Available electronically from https : / /hdl .handle .net /1969 .1 /199458.