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Convergence in State Nominal and Real Per Capita Income: Empirical Evidence

Author

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  • Oded Izraeli

    (Oakland University)

  • Kevin Murphy

    (Oakland University)

Abstract

This article examines convergence in per capita personal income among the 50 states from 1960 to 1991. Evidence presented in previous studies is mixed concerning whether convergence took place during the period in question. By allowing for differences in cost of living across states, however, the authors find that convergence took place throughout the entire period studied.

Suggested Citation

  • Oded Izraeli & Kevin Murphy, 1997. "Convergence in State Nominal and Real Per Capita Income: Empirical Evidence," Public Finance Review, , vol. 25(6), pages 555-576, November.
    • Handle: RePEc:sae:pubfin:v:25:y:1997:i:6:p:555-576
    DOI: 10.1177/109114219702500601
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
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    3. Baumol, William J & Wolff, Edward N, 1988. "Productivity Growth, Convergence, and Welfare: Reply," American Economic Review, American Economic Association, vol. 78(5), pages 1155-1159, December.
    4. Bourguignon, Francois, 1979. "Decomposable Income Inequality Measures," Econometrica, Econometric Society, vol. 47(4), pages 901-920, July.
    5. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-1085, December.
    6. Clark Nardinelli & Myles Wallace & John Warner, 1987. "Explaining differences in state growth: Catching up versus Olson," Public Choice, Springer, vol. 52(3), pages 201-213, January.
    7. Walter W. McMahon, 1991. "Geographical Cost of Living Differences: An Update," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(3), pages 426-450, September.
    8. Scully, Gerald W, 1991. "The Convergence of Fiscal Regimes and the Decline of the Tiebout Effect," Public Choice, Springer, vol. 72(1), pages 51-59, October.
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    Cited by:

    1. repec:rre:publsh:v:34:y:2004:i:2:p:206-220 is not listed on IDEAS
    2. Johnson, Paul A., 2000. "A nonparametric analysis of income convergence across the US states," Economics Letters, Elsevier, vol. 69(2), pages 219-223, November.
    3. George W. Hammond & Eric Thompson, 2006. "Convergence and Mobility: Personal Income Trends in U.S. Metropolitan and Nonmetropolitan Regions," International Regional Science Review, , vol. 29(1), pages 35-63, January.
    4. Stephen Dobson & Carlyn Ramlogan & Eric Strobl, 2006. "Why Do Rates Of Β‐Convergence Differ? A Meta‐Regression Analysis," Scottish Journal of Political Economy, Scottish Economic Society, vol. 53(2), pages 153-173, May.
    5. Fousekis, Panos, 2007. "Convergence of Relative State-level Per Capita Incomes in the United States Revisited," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 37(2), pages 1-10.

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