Alexiadis, Stilianos and Eleftheriou, Konstantinos (2010): The Morphology of Income Convergence in US States: New Evidence using an ErrorCorrectionModel.

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Abstract
This paper reconsiders the question of regional convergence across the US States over the longrun. The analysis is carried out over the period 19292005. Our analysis advocates and implements an ErrorCorrectionModel (ECM) approach to deal with this issue. The aforementioned model is applied in order to assess the possibilities of intraregional convergence towards steadystate equilibrium, approximated in terms of the State with highest percapita income in each broad region. Empirical analysis suggests a pattern of convergence in accordance with the ECM supporting its validity. Further inspection of the results provides an indirect indication of the agglomerative effects in shaping the patterns of convergence.
Item Type:  MPRA Paper 

Original Title:  The Morphology of Income Convergence in US States: New Evidence using an ErrorCorrectionModel 
Language:  English 
Keywords:  Income Convergence; ErrorCorrectionModel; US States 
Subjects:  R  Urban, Rural, Regional, Real Estate, and Transportation Economics > R1  General Regional Economics > R10  General C  Mathematical and Quantitative Methods > C2  Single Equation Models; Single Variables > C22  TimeSeries Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models 
Item ID:  20096 
Depositing User:  Konstantinos Eleftheriou 
Date Deposited:  18. Jan 2010 10:59 
Last Modified:  15. Feb 2013 20:14 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/20096 