Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data
نویسندگان
چکیده
منابع مشابه
Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data
In this paper, we outline (i) why σ -convergence may not accompany β-convergence, (ii) discuss evidence of β-convergence in the United States, and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that σ -convergence cannot be detected at the county level across the United States, or within the large majority of the individual U.S. states conside...
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We utilize county-level data to explore growth determination in the U.S. and possible heterogeneity in growth determination across individual states. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. We use a consistent two stage least squares estimation procedure. (We report OLS estimates as well.) The estimated convergence rate across the U.S. is ...
متن کاملGrowth and Convergence across the United States: Evidence from County-level Data
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using ordinary least squares (OLS) and three-stage least squares with instrumental variables (3SLS-IV), we report on the full sample and metro, nonmetro, and and regional samples: (1) OLS yields convergence rates around 2%; 3SLS yields 6%–8%; (2) convergence rates vary (for example, the S...
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ژورنال
عنوان ژورنال: Journal of Money, Credit and Banking
سال: 2008
ISSN: 0022-2879,1538-4616
DOI: 10.1111/j.1538-4616.2008.00148.x