Abstract

http://ssrn.com/abstract=980267
 
 

Citations



 


 



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)

Daniel Levy


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


Journal of Money, Credit and Banking, Forthcoming

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 cannot be detected at the county-level across the U.S., or within the large majority of the individual U.S. states considered separately. Indeed, in many cases statistically significant sigma-divergence is found.

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

JEL Classification: O40, O11, O18, R11

Accepted Paper Series


Not Available For Download

Date posted: April 15, 2007  

Suggested Citation

Young, Andrew T. and Higgins, Matthew John and Levy, Daniel, Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data. Journal of Money, Credit and Banking, Forthcoming. Available at SSRN: http://ssrn.com/abstract=980267

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/
Feedback to SSRN


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