Variations on economic convergence: The case of the United States

Cristina Checherita Westphal

Papers in Regional Science, 2009, vol. 88, issue 2, 259-278

Abstract: Abstract This paper tests the hypothesis of conditional β‐convergence in per capita income across the United States by extending the neoclassical growth model to incorporate public capital, government taxation, and human capital, and controlling empirically for technology growth. We expand the period of analysis from the late 1980s when studies using public capital stock have stopped, investigate spatial variation across the United States under various cross‐sectional and panel spatial models, and tackle the issue of nonlinearities. All model variations provide evidence of economic convergence across the United States over the period 1960–2005. Resumen Este artículo evalúa las hipótesis de beta‐convergencia condicional en renta per cápita en los Estados Unidos, ampliando el modelo de crecimiento neoclásico con la incorporación de capital público, tributación gubernamental y capital humano, y controlando empíricamente el crecimiento tecnológico. Hemos ampliado el periodo de análisis desde finales de los ochenta, momento en que se suspendieron los estudios que utilizaban reservas de capital público, hemos investigado la variación espacial para los Estados Unidos de acuerdo con diferentes modelos transversales y espaciales de panel, y hemos abordado el tema de las no linealidades. Todas las variaciones del modelo aportan pruebas de convergencia económica dentro de los Estados Unidos para el periodo 1960‐2005.

Date: 2009
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Citations: View citations in EconPapers (11)

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https://doi.org/10.1111/j.1435-5957.2008.00202.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:presci:v:88:y:2009:i:2:p:259-278

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