Showing 1 - 7 of 7
We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity. E.g., the California estimate is 19.9 percent and the New York estimate is 3.3 percent. Convergence rates are essentially uncorrelated with income levels.
Persistent link: https://www.econbiz.de/10010335973
We use US county level data (3,058 observations) from 1970 to 1998 to explore the relationship between economic growth and the extent of government employment at three levels: federal, state and local. We find that increases in federal, state and local government employments are all negatively...
Persistent link: https://www.econbiz.de/10010336011
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...
Persistent link: https://www.econbiz.de/10013204736
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...
Persistent link: https://www.econbiz.de/10013204740
We utilize county-level data to explore the roles of different types of human capital accumulation in U.S. growth determination. The data includes over 3,000 cross-sectional observations and 39 demographic control variables. The large number of observations provides enough degrees of freedom to...
Persistent link: https://www.econbiz.de/10013204744
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2)...
Persistent link: https://www.econbiz.de/10013204752
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/10013204753