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Recent Regional Growth Patterns: More Inequality

Author

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  • Cadwell L. Ray

    (University of Tulsa)

  • R. Lynn Rittenoure

    (University of Tulsa)

Abstract

The "convergence thesis"states that when a national economy attains a certain but unspecified level of development, regional income differences will disappear due to market forces. Historically, income data in the United States have generally supported the convergence thesis; however, data for the first half of the current decade are inconsistent with the thesis and invite reconsideration of the issue. In recent years, dynamic or exogenous factors leading to divergence have overwhelmed passive market forces. The long-run convergence thesis may be irrelevant for open regional economies operating in a dynamic world economy. This has implications for regional analysts and policymakers who will need to identify and understand the dynamic factors that are critical in the regional economic development process.

Suggested Citation

  • Cadwell L. Ray & R. Lynn Rittenoure, 1987. "Recent Regional Growth Patterns: More Inequality," Economic Development Quarterly, , vol. 1(3), pages 240-248, August.
    • Handle: RePEc:sae:ecdequ:v:1:y:1987:i:3:p:240-248
    DOI: 10.1177/089124248700100306
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    Cited by:

    1. Fujita, Masahisa & Tabuchi, Takatoshi, 1997. "Regional growth in postwar Japan," Regional Science and Urban Economics, Elsevier, vol. 27(6), pages 643-670, November.
    2. Orley M. Amos, Jr., 1989. "An Inquiry into the Causes of Increasing Regional Income Inequality in The United States," The Review of Regional Studies, Southern Regional Science Association, vol. 19(2), pages 1-12, Spring.

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