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

In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U.S. states considered separately. Indeed, in many cases statistically significant σ-divergence is found

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Year of publication:	2015
Authors:	Young, Andrew T. ; Higgins, Matthew J. ; Levy, Daniel C.
Publisher:	[S.l.] : SSRN
Subject:	USA \| United States \| Wirtschaftliche Konvergenz \| Economic convergence \| Schätzung \| Estimation \| Regionales Wachstum \| Regional growth \| Wachstumstheorie \| Growth theory \| Schätztheorie \| Estimation theory

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