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

This note outlines (i) why σ-convergence may not accompany β-convergence; (ii) cites evidence of β-convergence in the U.S.; (iii) demonstrates that σ-convergence does not hold across the U.S., or within most U.S. states; and (iv) demonstrates the robustness of this finding to increases in mean income. The distributions of shocks appear important towards accounting for income disparity.

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Year of publication:	2003-09
Authors:	Young, Andrew T. ; Higgins, Matthew J. ; Levy, Daniel
Institutions:	Department of Economics, Bar Ilan University
Subject:	σ-convergence \| β-convergence \| Solow growth model \| speed of convergence

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2003-06
Classification:	O40 - Economic Growth and Aggregate Productivity. General ; O11 - Macroeconomic Analyses of Economic Development ; O18 - Regional, Urban, and Rural Analyses ; R11 - Regional Economic Activity: Growth, Development, and Changes
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008520884