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Investigating Convergence of the U.S. Regions: A Time-Series Analysis

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  • Kane, Richard

Abstract

Most economists conclude that the U.S. regions have converged in per capita earnings during a majority of the 20th century, though controversy abounds over the methods employed to test for such convergence. Using time-series techniques, this paper finds evi - dence that the U.S. regions have conditionally converged in per capita earnings. The findings in this paper differ from cross-sectional studies, which implicitly assume that all regions converge toward the same steady-state and at the same rate. The findings in this paper differ from other time-series studies with its use of recursive parameter estimates.1

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  • Kane, Richard, 2001. "Investigating Convergence of the U.S. Regions: A Time-Series Analysis," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 31(1), pages 1-22.
    • Handle: RePEc:ags:jrapmc:132184
    DOI: 10.22004/ag.econ.132184
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    References listed on IDEAS

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    1. Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
    2. Yolanda K. Henderson, 1990. "Defense cutbacks and the New England economy," New England Economic Review, Federal Reserve Bank of Boston, issue Jul, pages 3-24.
    3. Sukkoo Kim, 1995. "Expansion of Markets and the Geographic Distribution of Economic Activities: The Trends in U. S. Regional Manufacturing Structure, 1860–1987," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(4), pages 881-908.
    4. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
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    1. Maria Adelaide Duarte & Marta Simões, 2004. "Human capital, mechanisms of technological diffusion and the role of technological shocks in the speed of diffusion. Evidence from a panel of Mediterranean countries," Notas Económicas, Faculty of Economics, University of Coimbra, issue 20, pages 102-134, December.
    2. Mariusz Prochniak & Bartosz Witkowski, 2016. "On The Use Of Panel Stationarity Tests In Convergence Analysis: Empirical Evidence For The Eu Countries," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(1), pages 77-96, March.
    3. Fallahi, Firouz, 2011. "Convergence of Total Health Expenditure as a Share of GDP: Evidence from Selected OECD Countries," MPRA Paper 51324, University Library of Munich, Germany.
    4. Fousekis, Panos, 2007. "Convergence of Relative State-level Per Capita Incomes in the United States Revisited," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-10.
    5. George Hammond, 2006. "A time series analysis of U.S. metropolitan and non-metropolitan income divergence," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 40(1), pages 81-94, March.

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