8 Pages Posted: 11 Apr 2013
Date Written: April 10, 2013
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.
Keywords: Economic Growth, Conditional Convergence, Heterogeneity, U.S. County Level Data
JEL Classification: O40, O11, O18, O51, R11, H50, H70
Suggested Citation: Suggested Citation