Growth and Convergence across the US: Evidence from County-Level Data

Arbeitspapier

We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using OLS and 3SLS-IV we report on the full sample and metro, non-metro, and 5 regional samples: (1) OLS yields convergence rates around 2 percent; 3SLS yields 6–8 percent; (2) convergence rates vary (e.g., the Southern rate is 2.5 times the Northeastern rate); (3) federal, state and local government negatively correlates with growth; (4) the relationship between educational attainment and growth is nonlinear; and (5) finance, insurance & real estate industry and entertainment industry positively correlates with growth while education employment negatively correlates.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper ; No. 2005-06

Classification and Topics

• Classification: Wirtschaft ; Economic Growth and Aggregate Productivity: General ; Macroeconomic Analyses of Economic Development ; Economic Development: Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure ; Economywide Country Studies: U.S.; Canada ; Regional Economic Activity: Growth, Development, Environmental Issues, and Changes ; National Government Expenditures and Related Policies: General ; State and Local Government; Intergovernmental Relations: General
• Subject: Economic Growth ; Conditional Convergence ; and County-Level Data

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Higgins, Matthew J. ; Levy, Daniel ; Young, Andrew T.
• Event: Veröffentlichung
• (who): Bar-Ilan University, Department of Economics
• (where): Ramat-Gan
• (when): 2005

Further information

• Handle: http://hdl.handle.net/10419/259354
• Last update: 10.03.2025, 11:43 AM CET