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Economic Commentary

Paths to Prosperity: Knowledge is Key for Fourth District States

Even as per capita income has increased across the United States, differences among states’ incomes remain. What are the sources of these remaining differences? This Commentary identifies and analyzes the key factors—patents, educational attainment, and industry structure—that influence income-growth rates and thus per capita incomes. It also explores where the Fourth District falls in relation to other states and the country as a whole.

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit for updates.

Suggested Citation

Bauer, Paul, and Mark E. Schweitzer. 2006. “Paths to Prosperity: Knowledge is Key for Fourth District States.” Federal Reserve Bank of Cleveland, Economic Commentary 8/15/2006.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International