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Convergence towards a Steady State Distribution

Author

Listed:
  • Don J Webber

    (School of Economics, University of the West of England)

  • Paul White

    (Faculty of Computing, Engineering and Mathematical Sciences, University of the West of England)

Abstract

The convergence literature frequently presupposes some unidentified steady state distribution. This paper presents a new method to identify the presence and rate of convergence to a steady state distribution. The method is illustrated with application to UK regional male wages.

Suggested Citation

  • Don J Webber & Paul White, 2005. "Convergence towards a Steady State Distribution," Working Papers 0502, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    • Handle: RePEc:uwe:wpaper:0502
    as

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    File URL: http://carecon.org.uk/DPs/0502.pdf
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    References listed on IDEAS

    as
    1. Don Webber & Paul White, 2003. "Regional Factor Price Convergence Across Four Major European Countries," Regional Studies, Taylor & Francis Journals, vol. 37(8), pages 773-782.
    2. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    3. Togo, Ken, 2002. "Productivity convergence in Japan's manufacturing industries," Economics Letters, Elsevier, vol. 75(1), pages 61-67, March.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Convergence; Steady state; Average UK regional male wages;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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