Abstract

http://ssrn.com/abstract=811044
 
 

References (45)



 
 

Citations (25)



 


 



Growth and Convergence Across the U.S.: Evidence from County-Level Data


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

Andrew T. Young


West Virginia University - College of Business and Economics


Review of Economics and Statistics, 2006

Abstract:     
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6-8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern rate); (3) federal, state and local government negatively correlates with growth; (4) the relationship between educational attainment and growth is nonlinear; and (5) finance, insurance & real estate industry and entertainment industry positively correlates with growth while education employment negatively correlates.

Number of Pages in PDF File: 54

Keywords: Economic Growth, Conditional Convergence, County-Level Data

JEL Classification: O40, O11, O18, O51, R11, H50, H70

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Date posted: October 3, 2005  

Suggested Citation

Higgins, Matthew John and Levy, Daniel and Young, Andrew T., Growth and Convergence Across the U.S.: Evidence from County-Level Data. Review of Economics and Statistics, 2006. Available at SSRN: http://ssrn.com/abstract=811044

Contact Information

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/
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)
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References:  45
Citations:  25

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