Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (revised version)
Andrew Young (),
Matthew Higgins () and
Daniel Levy ()
No 2006-1, Working Papers from Bar-Ilan University, Department of Economics
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 county-level across the U.S., or within the vast majority of the individual U.S. states considered separately.
Keywords: Sigma Convergence; Beta Convergence; Solow Growth Model; Speed of Convergence; U.S. County-Level Data; Income Distribution; Gini Coefficient; Equality (search for similar items in EconPapers)
JEL-codes: O11 O18 O40 R11 (search for similar items in EconPapers)
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