Abstract

http://ssrn.com/abstract=441460
 
 

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Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data


Andrew T. Young


West Virginia University - College of Business and Economics

Matthew John Higgins


Georgia Institute of Technology - Scheller College of Business; National Bureau of Economic Research (NBER)

Daniel Levy


Bar-Ilan University - Department of Economics; Emory University - Department of Economics; Rimini Center for Economic Analysis

January 23, 2007

Emory Law and Economics Research Paper No. 07-4

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. Indeed, in many cases statistically significant σ-divergence is found.

Number of Pages in PDF File: 18

Keywords: sigma-convergence, beta-convergence, Solow growth model, balanced growth, speed of convergence, US county-level data, income distribution, Gini coefficient, income equality

JEL Classification: O40, O11, O18, R11

working papers series


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Date posted: September 28, 2003  

Suggested Citation

Young, Andrew T. and Higgins, Matthew John and Levy, Daniel, Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (January 23, 2007). Emory Law and Economics Research Paper No. 07-4. Available at SSRN: http://ssrn.com/abstract=441460 or http://dx.doi.org/10.2139/ssrn.441460

Contact Information

Andrew T. Young (Contact Author)
West Virginia University - College of Business and Economics ( email )
P.O. Box 6025
Morgantown, WV 26506
United States
3042934526 (Phone)
Matthew John Higgins
Georgia Institute of Technology - Scheller College of Business ( email )
800 West Peachtree Street
Atlanta, GA 30308
United States
404-894-4368 (Phone)
404-894-6030 (Fax)
National Bureau of Economic Research (NBER) ( email )
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Daniel Levy
Bar-Ilan University - Department of Economics ( email )
Ramat-Gan, 5290002
Israel
+972 3 531-8345 (Phone)
+972 3 738-4034 (Fax)
HOME PAGE: http://econ.biu.ac.il/en/levy

Emory University - Department of Economics ( email )
1602 Fishburne Drive, Suite 306
Rich Building
Atlanta, GA 30322-0001
United States
HOME PAGE: http://economics.emory.edu/home/people/faculty/Levydaniel.html
Rimini Center for Economic Analysis ( email )
Via Patara, 3
Rimini (RN), RN 47900
Italy
HOME PAGE: http://www.rcfea.org/
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References:  17
Citations:  11

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