【摘要】This study submits 11 business climate indexes to tests of their ability to predict relativeeconomic performance on either side of state borders. Our results show that most business climateindexes have no ability to predict relative economic growth regardless of how growth is measured.Some are negatively correlated with relative growth. Many are better at reporting past growth thanat predicting the future. In the end, the most predictive business climate index is the Grant ThorntonIndex which was discontinued in 1989.

【文献来源】Artz G M;Duncan K D;Hall A P;et al.Journal of Regional Science.2016（3）