It's Still 2% : Evidence on Convergence from 116 Years of the U.S. States Panel Data

A new debate over the speed of convergence in per capita income across economies is going on. Cross sectional estimates support the idea of slow convergence of about two percent per year. Panel data estimates support the idea of fast convergence of five, ten or even twenty percent per year. This paper shows that, if you "do it right," even the panel data estimation method yields the result of slow convergence of about two percent per year

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Year of publication:	1998
Authors:	Shioji, Etsuro
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Teilstaat \| State of a federation \| Wirtschaftliche Konvergenz \| Economic convergence \| Panel \| Panel study
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Volltext nicht verfügbar
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; C23 - Models with Panel Data ; O51 - U.S.; Canada
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014054900