Convergence of Relative State-level Per Capita Incomes in the United States Revisited
| dc.creator | Fousekis, Panos | |
| dc.date | 2017-04-01T13:55:41Z | |
| dc.date.accessioned | 2026-07-09T06:28:17Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.132408 | |
| dc.identifier | https://ageconsearch.umn.edu/record/132408/files/07-2-1.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/132408 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/576973 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/132408 | |
| dc.title | Convergence of Relative State-level Per Capita Incomes in the United States Revisited | |
| dc.type | Text |