Young, Andrew and Higgins, Matthew and Levy, Daniel (2007): Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data.
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In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence cannot be detected at the county-level across the U.S., or within the large majority of the individual U.S. states considered separately. Indeed, in many cases statistically significant sigma-divergence is found.
|Item Type:||MPRA Paper|
|Institution:||University of Mississippi, Georgia Institute of Technology, and Bar-Ilan University|
|Original Title:||Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data|
|Keywords:||sigma-convergence; beta-convergence; Solow growth model; speed of convergence; balanced growth; U.S. county-level data; income distribution; Gini coefficient; income equality|
|Subjects:||O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O40 - General
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O18 - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
H - Public Economics > H7 - State and Local Government; Intergovernmental Relations > H70 - General
|Depositing User:||Daniel Levy|
|Date Deposited:||13. Apr 2007|
|Last Modified:||12. Feb 2013 15:36|
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