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Heterogeneous Convergence

  • Andrew T. Young

    ()

    (College of Business and Economics, West Virginia University, USA)

  • Matthew J. Higgins

    (Scheller College of Business, Georgia Institute of Technology and National Bureau of Economic Research, USA)

  • Daniel Levy

    (Department of Economics, Bar-Ilan University, Israel; Department of Economics, Emory University, USA; Rimini Centre for Economic Analysis, Italy)

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.

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File URL: http://www.rcfea.org/RePEc/pdf/wp19_13.pdf
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Paper provided by The Rimini Centre for Economic Analysis in its series Working Paper Series with number 19_13.

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Date of creation: Apr 2013
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Publication status: Forthcoming in Economics Letters
Handle: RePEc:rim:rimwps:19_13
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