Do Income Disparities dissipate across the US States? Experimenting with a Vector Error Correction Model

This paper examines the long-run trends in per-capita income across the US states (1929-2005). Our analysis advocates and implements a Vector Error Correction Model (VECM), in order to investigate whether disparities in per-capita income embody a stable long-run relation. The empirical application is supplemented with Factor Analysis to identify groups of States with a common behaviour in terms of per-capita income.

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Year of publication:	2013
Authors:	Alexiadis, Stilianos ; Eleftheriou, Konstantinos ; Nijkamp, Peter
Publisher:	Amsterdam and Rotterdam : Tinbergen Institute
Subject:	Intraregional income disparities \| Vector Error Correction Model \| Factor Analysis

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Series:	Tinbergen Institute Discussion Paper ; 13-165/VIII
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	775179272 [GVK] hdl:10419/87287 [Handle] RePEc:dgr:uvatin:20130165 [RePEc]
Classification:	C22 - Time-Series Models ; R10 - General Regional Economics. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010326269