Have questions about this report? Ask the author(s).
Reviews the lessons economists have learned from investigating growth experiences and income gaps across countries. A country or a region can grow in two ways: it can either catch up with the leading economies or it can be a leading economy itself. The first paradigm applies to many developing countries, whereas the second concept applies to U.S. states or regions.
Since the early 1990s, the Arizona Legislature has repeatedly reduced tax rates and narrowed tax bases of revenue sources used by state government — particularly of those sources providing revenue to the general fund. The tax reductions usually were passed with the…
State and local government appropriations for public higher education — community colleges and universities combined — in Arizona as of fiscal year (FY) 2022 were considerably below the amount needed to equal the national average per full-time-equivalent (FTE) student.…
Arizona’s median age in 2020 of 38.9 was nearly identical to the national average, but the state’s increase in median age between 2010 and 2020 tied for the highest in the country. Arizona’s larger-than-average increase can be traced to strong net in-migration at early…