Are Regional Incomes Converging in the U.S.? Evidence from Panel Unit Root Tests with Heterogeneous Structural Breaks
This 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.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Postal: Thelma C. Raley Hall, Boone, North Carolina 28608|
Web page: http://economics.appstate.edu/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:apl:wpaper:05-06. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (O. Ashton Morgan)
If references are entirely missing, you can add them using this form.