The effects of education, infrastructure, and demographics on regional income performance in Missouri
Regional and Sectoral Economic Studies
The objective of this study is to examine the potential impacts of different levels of educational attainment and infrastructure investment on income performance within the state of Missouri. Data are collected for all of Missouri's 114 counties. Endogeneity testing is carried out and both ordinary least squares and two-stage least squares parameter estimates are presented. Results indicate that increased educational attainment levels and enhanced private capital stocks are associated with income gains. The effects of public capital stocks are not as clear-cut. Model simulations show the possible income gains from increasing educational attainment levels.