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The total economic output or gross domestic product (GDP), of South Carolina was $190 billion in 2014. Federal, State and Local Government account for 16.2 percent of South Carolina's GDP. The private sector makes up 83 percent of the total economic output of South Carolina. Manufacturing is the largest industry.
BASE
In: Country profile: annual survey of political and economic background. Taiwan, p. 42
ISSN: 0269-7025
In: Eastern European economics: EEE, Volume 32, Issue 4, p. 71-80
ISSN: 1557-9298
In: Eastern European economics, Volume 32, Issue 4, p. 71-80
ISSN: 0012-8775
World Affairs Online
In: Country profile: annual survey of political and economic background. Taiwan, p. 53
ISSN: 0269-7025
In: Country profile: annual survey of political and economic background. Taiwan, p. 54
ISSN: 0269-7025
ISSN: 1406-281X
In: Country profile: annual survey of political and economic background. Taiwan, p. 48
ISSN: 0269-7025
In: Country profile: annual survey of political and economic background. Taiwan, p. 42
ISSN: 0269-7025
In: Country profile: annual survey of political and economic background. Taiwan, p. 43
ISSN: 0269-7025
In: China economic review, Volume 15, Issue 3, p. 302-322
ISSN: 1043-951X
In: Contemporary economic policy: a journal of Western Economic Association International, Volume 33, Issue 4, p. 587-605
ISSN: 1465-7287
This study is the first to explore the relationship between minimum wage increases and state gross domestic product (GDP). Using data drawn from the Bureau of Economic Analysis (BEA) and the Current Population Survey (CPS) from 1979 to 2012, I find no evidence that minimum wage increases were associated with changes in overall state GDP. However, this null finding masks substantial heterogeneity in the productivity effects of minimum wages across industries and over the business cycle. Difference‐in‐difference‐in‐difference estimates suggest that a 10% increase in the minimum wage is associated with a short‐run 1% to 2% decline in state GDP generated by lower‐skilled industries relative to more highly skilled industries. This differential appears larger during troughs as compared to that during peaks of the state business cycle. (JEL J3, J4, L5)