Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259338 
Year of Publication: 
2003
Series/Report no.: 
Working Paper No. 2003-06
Publisher: 
Bar-Ilan University, Department of Economics, Ramat-Gan
Abstract: 
This note outlines (i) why σ-convergence may not accompany β-convergence; (ii) cites evidence of β-convergence in the U.S.; (iii) demonstrates that σ-convergence does not hold across the U.S., or within most U.S. states; and (iv) demonstrates the robustness of this finding to increases in mean income. The distributions of shocks appear important towards accounting for income disparity.
Subjects: 
σ-convergence
β-convergence
Solow growth model
speed of convergence
JEL: 
O40
O11
O18
R11
Document Type: 
Working Paper

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