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Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data

18 Pages Posted: 28 Sep 2003  

Andrew T. Young

Texas Tech University - Rawls College of Business

Matthew John Higgins

Georgia Institute of Technology & NBER; National Bureau of Economic Research (NBER)

Daniel Levy

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

Multiple version iconThere are 2 versions of this paper

Date Written: January 23, 2007

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 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.

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, R11

Suggested Citation

Young, Andrew T. and Higgins, Matthew John and Levy, Daniel, Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (January 23, 2007). Emory Law and Economics Research Paper No. 07-4. Available at SSRN: https://ssrn.com/abstract=441460 or http://dx.doi.org/10.2139/ssrn.441460

Andrew T. Young (Contact Author)

Texas Tech University - Rawls College of Business ( email )

Lubbock, TX 79409
United States

Matthew John Higgins

Georgia Institute of Technology & NBER ( 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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