Capital Deepening and Regional Inequality: An Empirical Analysis (refereed paper)
We present a simple reproducible methodology for constructing regional capital stock data, which we apply to Israel. We find that capital deepening has been sigma-convergent since 1985. This process is “inverted” since capital stocks and capital-labor ratios in the richer center have been catching-up with their counterparts in the poorer periphery. We explain this phenomenon in terms of fundamental changes in regional policy. Despite this, regional wages have not been sigma-convergent because other wage determinants have been sigma-divergent
Year of publication: |
2011-09
|
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Authors: | Felsenstein, Daniel |
Institutions: | European Regional Science Association |
Saved in:
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