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A evolução das disparidades regionais no Rio Grande do Sul: uma aplicação de matrizes de Markov Evolution of regional income disparities in the Brazilian state of Rio Grande do Sul - application of Markov model]

Author

Listed:
  • Valter José Stülp

    () (PUC-RS)

  • Adelar Fochezatto

    () (PUC-RS)

Abstract

This paper analyses the regional convergence of the per capita income in the State of Rio Grande do Sul. A distributional function of the per capita income is estimated for the years of 1985 and 1999. Five income classes are defined. Based on these two functions, a Markov transitional probability matrix is estimated. The results indicate a process of income convergence toward the state average. In the long run, the five income classes would be reduced to three, with the disappearance of the lowest and the highest income classes.

Suggested Citation

  • Valter José Stülp & Adelar Fochezatto, 2004. "A evolução das disparidades regionais no Rio Grande do Sul: uma aplicação de matrizes de Markov Evolution of regional income disparities in the Brazilian state of Rio Grande do Sul - application of Ma," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 14(1), pages 39-66, January-A.
  • Handle: RePEc:nov:artigo:v:14:y:2004:i:1:p:39-66
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    File URL: http://www.face.ufmg.br/novaeconomia/sumarios/v14n1/Stulp.pdf
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    References listed on IDEAS

    as
    1. Paul Davidson, 1983. "Rational Expectations: A Fallacious Foundation for Studying Crucial Decision-Making Processes," Journal of Post Keynesian Economics, M.E. Sharpe, Inc., vol. 5(2), pages 182-198, January.
    2. Lawson, Tony, 1985. "Uncertainty and Economic Analysis," Economic Journal, Royal Economic Society, vol. 95(380), pages 909-927, December.
    3. Lawson, Tony, 1987. "The Relative/Absolute Nature of Knowledge and Economic Analysis," Economic Journal, Royal Economic Society, vol. 97(388), pages 951-970, December.
    4. Dosi, Giovanni, 1993. "Technological paradigms and technological trajectories : A suggested interpretation of the determinants and directions of technical change," Research Policy, Elsevier, vol. 22(2), pages 102-103, April.
    5. Runde, Jochen, 1990. "Keynesian Uncertainty and the Weight of Arguments," Economics and Philosophy, Cambridge University Press, vol. 6(02), pages 275-292, October.
    6. Paul Davidson, 1987. "Sensible Expectations and the Long-Run Non-Neutrality of Money," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 10(1), pages 146-153, September.
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    More about this item

    Keywords

    regional economy; income convergence; Markov model; the economy of Rio Grande do Sul;

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R13 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General Equilibrium and Welfare Economic Analysis of Regional Economies

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