Abstract
This study attempts to determine whether the ranking of America’s top states for business by CNBC is correlated with state economic performance such as the unemployment rate, the growth rate of employment, and the growth rate of gross state product. Binary variables for the South and the West are also considered. The sample consists of 50 states in 2018. The results indicate that the ranking of America’s top states for business is correlated with each of these economic indicators. Regression analysis shows that the coefficient of the ranking in each of the three regressions is significant at the 1% level. A higher ranking for a state is associated with a lower unemployment rate, a higher growth rate of employment, and a higher growth rate of gross state product.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
