The spatial dynamics of growth and inequality: Evidence using U.S. county-level data
AbstractBased on an estimated dynamic spatial Durbin model, we find that the direct effect of a one-point increase in a county’s inequality is associated with a 3.3% decrease in its growth, while one-point increases in inequality in a county’s neighbors decrease its growth by 4.8%.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 118 (2013)
Issue (Month): 1 ()
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Web page: http://www.elsevier.com/locate/ecolet
Income inequality; Growth; Dynamic panels; Spatial Durbin model;
Find related papers by JEL classification:
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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