On The Relationships Between Spatial Clustering, Inequality, And Economic Growth In The United States : 1969-2000
Abstract
The literature on economic development has been divided as to the nature of the relationship between inequality and growth. Recent exploratory work in the field has provided evidence that the dynamic and spatial relationships between the two may be far more complicated than previously thought. This paper provides an spatial econometric specification for the analysis of economic growth, that allows for simultaneity as it relates to inequality. Furthermore, attention is given to the possible impacts of local clustering on the performance of individual economies in a global setting. The new methodology is applied to the US states from 1969–2000, where the counties are used for the local inequality and clustering estimates.Download Info
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Article provided by Region et Developpement, LEAD, Universite du Sud - Toulon Var in its journal Région et Développement.
Volume (Year): 27 (2008)
Issue (Month): ()
Pages: 13-34
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Web page: http://regionetdeveloppement.org/
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Keywords: ECONOMIC GROWTH; INEQUALITY; SIMULTANEITY; SPATIAL CLUSTERING;Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
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