Are Regional Incomes Converging in the U.S.? Evidence from Panel Unit Root Tests with Heterogeneous Structural Breaks
AbstractThis paper empirically tests if U.S. regional per capita incomes are stochastically converging. We advance the issue by employing a LM panel unit root test that allows for region-specific structural breaks in compensating differentials. Both the number and location of the breaks are endogenously determined for each region. Combined with the findings of Carlino and Mills (1993) and Loewy and Papell (1996), these results provide compelling evidence that U.S. regional incomes are conditionally converging.
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 05-06.
Date of creation: 2005
Date of revision:
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Postal: Thelma C. Raley Hall, Boone, North Carolina 28608
Web page: http://www.business.appstate.edu/departments/economics/
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- Ismail H. GENC & Anil RUPASINGHA, 2009. "Time-series Tests of Stochastic Earnings Convergence across US Nonmetropolitan Counties, 1969-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(2).
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