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Investigating Convergence of the U.S. Regions: A Time Series Analysis

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  • Richard E. Kane

    (Bureau of Economic Analysis)

Abstract

Most economists conclude that the U.S. regions have converged in per capita earnings during a majority of the 20th century, though controversy abounds over the methods employed to test for such convergence. Using time-series techniques, this paper finds evidence that the U.S. regions have conditionally converged in per capita earnings. The findings in this paper differ from cross-sectional studies, which implicitly assume that all regions converge toward the same steady-state and the same rate. The findings in this paper differ from other time-series studies with its use of recursive parameter estimates.

Suggested Citation

  • Richard E. Kane, 2001. "Investigating Convergence of the U.S. Regions: A Time Series Analysis," BEA Papers 0017, Bureau of Economic Analysis.
    • Handle: RePEc:bea:papers:0017
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    File URL: https://www.bea.gov/system/files/papers/WP2001-2.pdf
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    Cited by:

    1. Erfurth, Philipp Emanuel, 2022. "Is the European Union More Unequal Than the Habsburg Empire? Examining Regional Inequalities in Habsburg Regions From 1870 to 2018," SocArXiv 86p27, Center for Open Science.

    More about this item

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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