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Analysis of club convergence in the U.S. after the Great Recession

Author

Listed:
  • María C Barrios gonzález

    (Universidad de La Laguna)

  • Heather L.R. Tierney

    (Purdue University Fort Wayne)

  • Myeong Hwan Kim

    (Purdue University Fort Wayne)

Abstract

This paper examines club convergence using per capita real state domestic product and three technological variables, which are patents, research and development, and bachelor's degrees in science and engineering in the 50 states of the U.S. as it exits the Great Recession. This study finds the states that are in higher clubs with respect to per capita real state domestic product also ranks higher in the technological clubs, which is in keeping with clustering around different steady-state equilibria. In terms of policy implications, this paper also finds there to be a more direct nonrandom, statistically significant association between per capita real state domestic product and research and development, and bachelor's degrees in science and engineering and an indirect association with patents.

Suggested Citation

  • María C Barrios gonzález & Heather L.R. Tierney & Myeong Hwan Kim, 2023. "Analysis of club convergence in the U.S. after the Great Recession," Economics Bulletin, AccessEcon, vol. 43(2), pages 842-854.
    • Handle: RePEc:ebl:ecbull:eb-22-00349
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Convergence Clubs; Technology Clubs; Economic Convergence; Log t-Test; Growth and Development;
    All these keywords.

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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