Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data
This note outlines (i) why σ-convergence may not accompany β-convergence; (ii) cites evidence of β-convergence in the U.S.; (iii) demonstrates that σ-convergence does not hold across the U.S., or within most U.S. states; and (iv) demonstrates the robustness of this finding to increases in mean income. The distributions of shocks appear important towards accounting for income disparity.
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| Date of creation: | Sep 2003 |
| Date of revision: | |
| Handle: | RePEc:biu:wpaper:2003-06 |
| Contact details of provider: | Postal: Faculty of Social Sciences, Bar Ilan University 52900 Ramat-Gan Phone: Phone: +972-3-5318345 Fax: +972-3-7384034 Web page: http://www.biu.ac.il/soc/ec Email: More information through EDIRC
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