The Morphology of Income Convergence in US States: New Evidence using an Error-Correction-Model
This paper reconsiders the question of regional convergence across the US States over the long-run. The analysis is carried out over the period 1929-2005. Our analysis advocates and implements an Error-Correction-Model (ECM) approach to deal with this issue. The aforementioned model is applied in order to assess the possibilities of intraregional convergence towards steady-state equilibrium, approximated in terms of the State with highest per-capita income in each broad region. Empirical analysis suggests a pattern of convergence in accordance with the ECM supporting its validity. Further inspection of the results provides an indirect indication of the agglomerative effects in shaping the patterns of convergence.
|Date of creation:||17 Jan 2010|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://mpra.ub.uni-muenchen.de
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Helmut Hofer & Andreas Worgotter, 1997. "Regional Per Capita Income Convergence in Austria," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 1-12.
- Bernard, Andrew B & Jones, Charles I, 1996. "Productivity and Convergence across U.S. States and Industries," Empirical Economics, Springer, vol. 21(1), pages 113-35.
- Peter C.B. Phillips & Sam Ouliaris & Joon Y. Park, 1988. "Testing for a Unit Root in the Presence of a Maintained Trend," Cowles Foundation Discussion Papers 880, Cowles Foundation for Research in Economics, Yale University.
- Newey, Whitney & West, Kenneth, 2014.
"A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix,"
Publishing House "SINERGIA PRESS", vol. 33(1), pages 125-132.
- Newey, Whitney K & West, Kenneth D, 1987. "A Simple, Positive Semi-definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix," Econometrica, Econometric Society, vol. 55(3), pages 703-08, May.
- Whitney K. Newey & Kenneth D. West, 1986. "A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix," NBER Technical Working Papers 0055, National Bureau of Economic Research, Inc.
- Fingleton, B & McCombie, J S L, 1998. "Increasing Returns and Economic Growth: Some Evidence for Manufacturing from the European Union Regions," Oxford Economic Papers, Oxford University Press, vol. 50(1), pages 89-105, January.
- Gouyette, Claudine & Neven, Damien J, 1994.
"Regional Convergence in the European Community,"
CEPR Discussion Papers
914, C.E.P.R. Discussion Papers.
- Damien NEVEN & Claudine GOUYETTE, 1993. "Regional Convergence in the European Comunity," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 9311, Université de Lausanne, Faculté des HEC, DEEP.
- Seamus Mcguinness & Maura Sheehan, 1998. "Regional convergence in the UK, 1970-1995," Applied Economics Letters, Taylor & Francis Journals, vol. 5(10), pages 653-658.
- Gabriele Tondl & Harald Badinger & Werner Müller, 2003.
"Regional convergence in the European Union (1985-1999). A spatial dynamic panel analysis,"
ERSA conference papers
ersa03p455, European Regional Science Association.
- Harald Badinger & Werner Muller & Gabriele Tondl, 2004. "Regional Convergence in the European Union, 1985- 1999: A Spatial Dynamic Panel Analysis," Regional Studies, Taylor & Francis Journals, vol. 38(3), pages 241-253.
- Badinger, Harald & Müller, Werner G. & Tondl, Gabriele, 2002. "Regional convergence in the European Union (1985 - 1999) : a spatial dynamic panel analysis," HWWA Discussion Papers 210, Hamburg Institute of International Economics (HWWA).
- S. Alexiadis & J. Tomkins, 2004. "Convergence clubs in the regions of Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 11(6), pages 387-391.
- Santiago Alvarez-Garcia & Juan Prieto-Rodriguez & Rafael Salas, 2004. "The evolution of income inequality in the European Union during the period 1993-1996," Applied Economics, Taylor & Francis Journals, vol. 36(13), pages 1399-1408.
- Joseph Byrne & Giorgio Fazio & Davide Piacentino, 2009. "Total Factor Productivity Convergence among Italian Regions: Some Evidence from Panel Unit Root Tests," Regional Studies, Taylor & Francis Journals, vol. 43(1), pages 63-76.
- Efthymios Tsionas, 2001. "Regional Convergence and Common, Stochastic Long-run Trends: A Re-examination of the US Regional Data," Regional Studies, Taylor & Francis Journals, vol. 35(8), pages 689-696.
- V. Anton Muscatelli & Patrizio Tirelli, 2001. "Unemployment and growth: some empirical evidence from structural time series models," Applied Economics, Taylor & Francis Journals, vol. 33(8), pages 1083-1088.
- Roberto Ezcurra & Carlos Gil & Pedro Pascual, 2005. "Regional welfare disparities: the case of the European Union," Applied Economics, Taylor & Francis Journals, vol. 37(12), pages 1423-1437.
- Stanley Keil, 1997. "Regional Trends in British Manufacturing Employment: Tests for Stationarity and Co-integration, 1952-1989," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 13-24.
- Dimitris K. Christopoulos & Efthymios G. Tsionas, 2007. "Are Regional Incomes in the USA Converging? A Non-linear Perspective," Regional Studies, Taylor & Francis Journals, vol. 41(4), pages 525-530.
- Ludo Peeters, 2008. "Selective In-migration and Income Convergence and Divergence across Belgian Municipalities," Regional Studies, Taylor & Francis Journals, vol. 42(7), pages 905-921.
- Roberto Esposti & Stefania Bussoletti, 2008. "Impact of Objective 1 Funds on Regional Growth Convergence in the European Union: A Panel-data Approach," Regional Studies, Taylor & Francis Journals, vol. 42(2), pages 159-173.
- Tommaso Proietti, 2005. "Convergence in Italian regional per-capita GDP," Applied Economics, Taylor & Francis Journals, vol. 37(5), pages 497-506.
When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:20096. 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: (Ekkehart Schlicht)
If references are entirely missing, you can add them using this form.