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
Scheller College of Business, Georgia Institute of Technology; National Bureau of Economic Research (NBER)
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
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, R11working papers series
Date posted: September 28, 2003
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo6 in 0.376 seconds