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:	2013-10-11
Authors:	Alexiadis, Stilianos ; Eleftheriou, Konstantinos ; Nijkamp, Peter
Institutions:	Tinbergen Instituut
Subject:	Intraregional income disparities \| Vector Error Correction Model \| Factor Analysis

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Extent:	application/pdf
Series:	Tinbergen Institute Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Tinbergen Institute Discussion Papers Number 13-165/VIII
Classification:	C22 - Time-Series Models ; R10 - General Regional Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011255932