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  • 标题:Convergence in relative state-level per capita income in the United States revisited
  • 本地全文:下载
  • 作者:Panos Fousekis
  • 期刊名称:Journal of Regional Analysis and Policy
  • 印刷版ISSN:1090-4999
  • 出版年度:2007
  • 卷号:37
  • 期号:02
  • 页码:80-89
  • 出版社:Journal of Regional Analysis and Policy
  • 摘要:In this paper convergence in per capita incomes (personal and disposable) in US states over 1929-2005 is revisited using the notion of relative stochastic convergence and stationarity tests for panel data. According to the results, although the dispersion of per capita income be-came stationary by the early 1960s a large proportion of states have not converged to the na-tional average. The presence of diverging states indicates that a long-run (steady-state) distri-bution in relative incomes has not yet been attained, something which contrasts sharply with the findings of earlier empirical studies on the topic.
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