Unit root tests of sigma income convergence across US metropolitan areas

Drennan, Matthew P.Department of City/Regional Planning, Cornell University, Ithaca, NY, United States (författare)

The standard deviation of metropolitan per capita personal income (PCPI) and metropolitan average wage per job (AWPJ) provide straightforward indicators of unconditional sigma convergence for metropolitan economies within the United States. Using data for all metropolitan areas in the continental United States for the period 1969-2001, we tested for the unconditional sigma income convergence hypothesis by applying two unit root tests to the time series of the two standard deviations. Our results indicate that the time series can be described as random walks with drift, thereby supporting the claim that income divergence among metropolitan economies is not decreasing.

Lobo, JoséSanta Fe Institute, Santa Fe, NM, United States (författare)
Strumsky, DeborahHarvard Business School, Boston, MA, United States(Swepub:hj)strude (författare)
Department of City/Regional Planning, Cornell University, Ithaca, NY, United StatesSanta Fe Institute, Santa Fe, NM, United States (creator_code:org_t)

Ingår i:Journal of Economic Geography: Oxford University Press4:5, s. 583-5951468-27021468-2710

Av författaren/redakt...: Drennan, Matthew ...; Lobo, José; Strumsky, Debora ...

Om ämnet

SAMHÄLLSVETENSKAP: SAMHÄLLSVETENSKA ...; och Ekonomi och näri ...; och Nationalekonomi

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