Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (revised version)
AbstractIn this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U.S. states considered separately.
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Bibliographic InfoPaper provided by Department of Economics, Bar-Ilan University in its series Working Papers with number 2006-1.
Date of creation: Jun 2006
Date of revision:
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Postal: Faculty of Social Sciences, Bar Ilan University 52900 Ramat-Gan
Phone: Phone: +972-3-5318345
Web page: http://econ.biu.ac.il
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Sigma Convergence; Beta Convergence; Solow Growth Model; Speed of Convergence; U.S. County-Level Data; Income Distribution; Gini Coefficient; Equality;
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- Kim, Young Se & Rous, Jeffrey J., 2012. "House price convergence: Evidence from US state and metropolitan area panels," Journal of Housing Economics, Elsevier, vol. 21(2), pages 169-186.
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