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How Much Income Variation "Really" Exists Within a State?

Michael Walden

The Review of Regional Studies, 1997, vol. 27, issue 3, 237-250

Abstract: A procedure for estimating price indices in localities within one state, North Carolina, is presented and implemented. The paper makes a number of improvements over previous work, including estimating the association between local prices and national prices, and testing the potential capitalization of local taxes and public output into local prices. Intrastate income variation is reduced when the price index estimates are applied to nominal per capita incomes.

Date: 1997
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