Abstract

http://ssrn.com/abstract=947843
 
 

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Heterogeneous Convergence


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)

Daniel Levy


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

March 1, 2013

Emory Law and Economics Research Paper No. 07-2

Abstract:     
We use U.S. county-level data containing 1,921 cross-sectional observations and up to 29 conditioning variables to estimate heterogeneity in convergence rates across 22 individual U.S. states. Applying GMM estimation, we find significant heterogeneity in the state-level convergence rates. For example, while the average convergence rate is 9.2 percent, the California estimate is 19.9 percent and the New York estimate is 3.3 percent. The estimated convergence rates are essentially uncorrelated with the income levels.

Number of Pages in PDF File: 8

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

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

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Date posted: November 29, 2006 ; Last revised: April 11, 2013

Suggested Citation

Young, Andrew T. and Higgins, Matthew John and Levy, Daniel, Heterogeneous Convergence (March 1, 2013). Emory Law and Economics Research Paper No. 07-2. Available at SSRN: http://ssrn.com/abstract=947843 or http://dx.doi.org/10.2139/ssrn.947843

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
Scheller College of Business, Georgia Institute of Technology ( 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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