higgins_03

Emory University
Department of Economics
Working Papers

Title: Sigma Convergence Versus Beta Convergence: Evidence from County-Level Data *

Number: 03-16

Author: Matthew Higgins, Daniel Levy and Andrew Young

Issue Date: September 2003 (Revised April 2007)

Abstract: In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U.S. states considered separately.

Title:	Sigma Convergence Versus Beta Convergence: Evidence from County-Level Data *
Number:	03-16
Author:	Matthew Higgins, Daniel Levy and Andrew Young
Issue Date:	September 2003 (Revised April 2007)
Abstract:	In this paper we outline (i) why sigma-convergence may not accompany beta-convergence, (ii) discuss evidence of beta-convergence in the U.S., and (iii) use U.S. county-level data containing over 3,000 cross-sectional observations to demonstrate that sigma-convergence has not occurred at the county-level across the U.S., or within the vast majority of the individual U.S. states considered separately.

* Journal of Money Credit and Banking, forthcoming

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