EconPapers    
Economics at your fingertips  
 

Growth and Convergence across the U.S: Evidence from County-Level Data

Matthew Higgins (), Daniel Levy () and Andrew Young ()

Macroeconomics from University Library of Munich, Germany

Abstract: We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern rate); (3) federal, state and local government negatively correlates with growth; (4) the relationship between educational attainment and growth is nonlinear; and (5) finance, insurance & real estate industry and entertainment industry positively correlates with growth while education employment negatively correlates.

Keywords: Economic Growth; Conditional Convergence; County-Level Data (search for similar items in EconPapers)
JEL-codes: H50 H70 O11 O18 O40 O51 R11 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2005-09-22
New Economics Papers: this item is included in nep-edu, nep-geo, nep-pbe and nep-ure
Note: Type of Document - pdf; pages: 54
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (22) Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0509/0509023.pdf (application/pdf)

Related works:
Working Paper: Growth and Convergence across the US: Evidence from County-Level Data (2005) Downloads
Working Paper: Growth and Convergence across the US: Evidence from County-Level Data (2005) Downloads
Working Paper: Growth and Convergence across the US: Evidence from County-Level Data (2003) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpma:0509023

Access Statistics for this paper

More papers in Macroeconomics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2021-10-23
Handle: RePEc:wpa:wuwpma:0509023