RPCPI

AcronymDefinition
RPCPIReal Per Capita Personal Income
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In all of these equations the sign on the coefficient for initial relative per capita personal income (RPCPI) is negative and significant, which means that the higher the initial level of income per capita the lower the rate of economic growth.
TABLE 1 RELATIVE GROWTH RATES IN GROSS STATE PRODUCT 1964-2004 (50 States, 1964-2004 1964-2004 with Income (50 States) (41 States) Tax Dummy) CONSTANT -0.062 ** -0.060 ** -0.003 RPCPI -0.034 ** -0.030 ** -0.025 ** RMTR -0.374 ** -0.394 ** -0.251 * RR 0.005 ** 0.004 ** 0.005 ** TAXDUM -0.048 ** [R.sup.2] = 0.29 [R.sup.2] = 0.30 [R.sup.2] = 0.40 * Coefficient significant at the 90 percent confidence level.