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
Authors:	Young, Andrew T. ; Higgins, Matthew J. ; Levy, Daniel
Publisher:	Ramat-Gan : Bar-Ilan University, Department of Economics
Subject:	σ-convergence \| β-convergence \| Solow growth model \| speed of convergence

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Series:	Working Paper ; 2003-06
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	370989325 [GVK] hdl:10419/259338 [Handle] RePEc:biu:wpaper:2003-06 [RePEc]
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:	EconStor

Persistent link: https://www.econbiz.de/10013204736