Artikel
Growth and Convergence across the United States: Evidence from County-Level Data
We use U.S. county data (3,058 observations) and 41 conditioning variables to study growth and convergence. Using ordinary least squares (OLS) and three-stage least squares with instrumental variables (3SLS-IV), we report on the full sample and metro, nonmetro, and and regional samples: (1) OLS yields convergence rates around 2%; 3SLS yields 6%–8%; (2) convergence rates vary (for example, 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) the finance, insurance, and real estate industry and the entertainment industry correlate positively with growth, whereas education employment correlates negatively.
- Language
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Englisch
- Bibliographic citation
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Journal: Review of Economics and Statistics ; ISSN: 1530-9142 ; Volume: 88 ; Year: 2006 ; Issue: 4 ; Pages: 671-681 ; Cambridge, MA: MIT Press
- Classification
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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
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Economic Growth
Conditional Convergence
and County-Level Data
- Event
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Geistige Schöpfung
- (who)
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Higgins, Matthew J.
Levy, Daniel
Young, Andrew T.
- Event
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Veröffentlichung
- (who)
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MIT Press
ZBW – Leibniz Information Centre for Economics
- (where)
-
Cambridge, MA
- (when)
-
2006
- DOI
-
doi:10.1162/rest.88.4.671
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Higgins, Matthew J.
- Levy, Daniel
- Young, Andrew T.
- MIT Press
- ZBW – Leibniz Information Centre for Economics
Time of origin
- 2006
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