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Heterogeneous Convergence

Listed author(s):
  • 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; The 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
Publication status: Published in Economics Letters, 120(2):238-241, 2013
Handle: RePEc:rim:rimwps:19_13
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