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Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data

Andrew Young (), Matthew Higgins () and Daniel Levy ()
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Andrew Young: TTU - Texas Tech University [Lubbock]

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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.

Keywords: Sigma-convergence; Beta-convergence; Solow growth model; Speed of convergence; Balanced growth; US county-level data; Income distribution; Gini coefficient; Income equality (search for similar items in EconPapers)
Date: 2008
Note: View the original document on HAL open archive server: https://hal.archives-ouvertes.fr/hal-02387475
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Published in Journal of Money, Credit and Banking, Wiley, 2008, 40 (5), pp.1083-1093. ⟨10.1111/j.1538-4616.2008.00148.x⟩

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Related works:
Journal Article: Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data (2008)
Journal Article: Sigma Convergence versus Beta Convergence: Evidence from U.S. County‐Level Data (2008) Downloads
Journal Article: Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data (2008) Downloads
Working Paper: Sigma Convergence versus Beta Convergence: Evidence from U.S. County-Level Data (2007) Downloads
Working Paper: Sigma-Convergence Versus Beta-Convergence: Evidence from U.S. County-Level Data (2005) Downloads
Working Paper: Sigma Convergence Versus Beta Convergence: Evidence from U.S. County-Level Data (2003) Downloads
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02387475

DOI: 10.1111/j.1538-4616.2008.00148.x

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