Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (revised version)
Abstract
In 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.Download Info
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Paper provided by Department of Economics, Bar-Ilan University in its series Working Papers with number 2006-1.
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Date of creation: Jun 2006
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Handle: RePEc:biu:wpaper:2006-1
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Postal: Faculty of Social Sciences, Bar Ilan University 52900 Ramat-Gan
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Related research
Keywords: Sigma Convergence; Beta Convergence; Solow Growth Model; Speed of Convergence; U.S. County-Level Data; Income Distribution; Gini Coefficient; Equality;Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R11 - Urban, Rural, Regional and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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