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:	Stilianos, Alexiadis
Other Persons:	Eleftheriou, Konstantinos (contributor) ; Nijkamp, Peter (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Kointegration \| Cointegration \| USA \| United States \| Einkommensverteilung \| Income distribution \| Theorie \| Theory \| Teilstaat \| State of a federation \| Regionale Einkommensverteilung \| Regional income distribution

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