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Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (revised version)

Author

Listed:
  • Andrew T. Young

    (University of Mississippi)

  • Matthew J. Higgins

    (Georgia Institute of Technology)

  • Daniel Levy

    () (Bar-Ilan University)

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.

Suggested Citation

  • Andrew T. Young & Matthew J. Higgins & Daniel Levy, 2006. "Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (revised version)," Working Papers 2006-1, Bar-Ilan University, Department of Economics.
  • Handle: RePEc:biu:wpaper:2006-1
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    File URL: http://www.biu.ac.il/soc/ec/wp/1-06/1-06.html
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    Cited by:

    1. Kim, Young Se & Rous, Jeffrey J., 2012. "House price convergence: Evidence from US state and metropolitan area panels," Journal of Housing Economics, Elsevier, vol. 21(2), pages 169-186.

    More about this item

    Keywords

    Sigma Convergence; Beta Convergence; Solow Growth Model; Speed of Convergence; U.S. County-Level Data; Income Distribution; Gini Coefficient; Equality;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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