Saturday, August 19, 2006

Are golf courses good for economic growth?

At the Conglomerate Blog, Maryland Law Professor Lisa Fairfax asks whether building golf courses can spur economic growth in developing countries. She's done some research on the subject, and found studies that indicate golf courses promote growth. While there are some obvious endogeneity issues here, I wonder whether the same can be said for American states. Is building golf courses a route to economic development?

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