Advanced Search
MyIDEAS: Login

An alternative perspective on the stochastic convergence of incomes in the United States

Contents:

Author Info

  • Steven Cook
Registered author(s):

    Abstract

    In recent years a number of studies has examined the potential stochastic convergence of incomes in the United States. This research has been based upon examination of the order of integration of the ratios of regional levels of per-capita income relative to US aggregate per-capita income, with stationary of the ratios taken as evidence of stochastic convergence. In the present article this research and its implicit assumption that the individual regional and aggregate per-capita series are I(1), are revisited. In a departure from previous research, application of a more robust testing procedure incorporating two structural breaks to the individual aggregate and regional per-capita series, rather than their ratios, is seen to result in overwhelming rejection of the unit root hypothesis for all of the series examined. The unit root hypothesis is rejected also for more disaggregated State level data. The evidence of stationarity presented for the component per-capita income series suggests that care should be exercised when both interpreting results presented previously in the literature and conducting further research.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.informaworld.com/openurl?genre=article&doi=10.1080/13504850600949186&magic=repec&7C&7C8674ECAB8BB840C6AD35DC6213A474B5
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

    Volume (Year): 15 (2008)
    Issue (Month): 12 ()
    Pages: 929-934

    as in new window
    Handle: RePEc:taf:apeclt:v:15:y:2008:i:12:p:929-934

    Contact details of provider:
    Web page: http://www.tandfonline.com/RAEL20

    Order Information:
    Web: http://www.tandfonline.com/pricing/journal/RAEL20

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Herrerias, M.J. & Ordoñez, J., 2012. "New evidence on the role of regional clusters and convergence in China (1952–2008)," China Economic Review, Elsevier, vol. 23(4), pages 1120-1133.

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:15:y:2008:i:12:p:929-934. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.