Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/206824
Authors: 
Young, Andrew T.
Higgins, Matthew J.
Levy, Daniel
Year of Publication: 
2008
Citation: 
[Journal:] Journal of Money, Credit and Banking [ISSN:] 1538-4616 [Volume:] 40 [Issue:] 5 [Pages:] 1083-1093
Publisher: 
Ohio State University, Columbus
Abstract: 
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 considered separately. Indeed, in many cases statistically significant σ-divergence is found.
Subjects: 
sigma-convergence
beta-convergence
Solow growth model
speed of convergence
balanced growth
U.S. county-level data
income distribution
Gini coefficient
income equality
JEL: 
O40
O11
O18
R11
URL of the first edition: 
Document Type: 
Article
Document Version: 
Accepted Manuscript (Postprint)

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