Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10003526446
Persistent link: https://www.econbiz.de/10009771309
Persistent link: https://www.econbiz.de/10003235558
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...
Persistent link: https://www.econbiz.de/10014029829
We use U.S. county-level data containing 1,921 cross-sectional observations and up to 29 conditioning variables to estimate heterogeneity in convergence rates across 22 individual U.S. states. Applying GMM estimation, we find significant heterogeneity in the state-level convergence rates. For...
Persistent link: https://www.econbiz.de/10014026529