Access the full text.
Sign up today, get DeepDyve free for 14 days.
Roberto Ezcurra, Pedro Pascual (2009)
Convergence in income inequality in the United States: a nonparametric analysisApplied Economics Letters, 16
M. Lundberg, L. Squire (2003)
The simultaneous evolution of growth and inequalityThe Economic Journal, 113
P. Phillips, Donggyu Sul (2007)
Transition Modeling and Econometric Convergence TestsEconometrics eJournal
A. Bernard, S. Durlauf (1994)
Interpreting Tests of the Convergence HypothesisAlfred P. Sloan: Sloan Classics (Topic)
F. Goerlich, M. Mas (2004)
Three (marginal?) questions regarding convergenceJournal of Economic Studies, 31
Pei‐Chien Lin, Ho-Chuan Huang (2012)
Convergence in income inequality? evidence from panel unit root tests with structural breaksEmpirical Economics, 43
N. Mankiw, David Romer, David Weil, Costas Azariadis, Allan Drazen, William Branson (2007)
You have printed the following article : A Contribution to the Empirics of Economic Growth
B. Hansen (2000)
Sample Splitting and Threshold EstimationEconometrica, 68
T. Stengos, M. Yazgan (2013)
PERSISTENCE IN CONVERGENCEMacroeconomic Dynamics, 18
DT Quah (1993)
Galton’s fallacy and the convergence hypothesisScandinavian Journal of Economics, 95
D. Quah (1996)
Empirics for economic growth and convergenceLSE Research Online Documents on Economics
Humberto López (2004)
Pro-Growth, Pro-Poor: Is There a Tradeoff?Public Economics eJournal
T. Persson, G. Tabellini (1994)
Is Inequality Harmful for GrowthThe American Economic Review, 84
Adriana Marina (2000)
Economic convergence of the first and second moment in the provinces of ArgentinaEstudios De Economia, 27
(1997)
Empirics for growth and distribution: Polarization, stratification and convergence club
Hongyi Li, H. Zou (1998)
Income Inequality is Not Harmful for Growth: Theory and Evidence
C. Bliss (1999)
Galton's fallacy and economic convergence, 51
M. Caputo, F. Forte (2015)
Difficult Convergence among the Five Main European Union Countries and the Crisis of the Euro AreaAtlantic Economic Journal, 43
F Canova (2004)
Testing for convergence clubs in income per capita: A predictive density approachInternational Economic Review, 45
Pei‐Chien Lin, Ho-Chuan Huang (2011)
Inequality convergence in a panel of statesThe Journal of Economic Inequality, 9
T. Piketty, Emmanuel Saez (2003)
Income inequality in the United States
S. Lau (1999)
I(0) in, integration and cointegration out: Time series properties of endogenous growth modelsJournal of Econometrics, 93
J. Cuñado, L. Gil‐Alana, Fernando Gracia (2006)
Additional Empirical Evidence on Real Convergence: A Fractionally Integrated ApproachReview of World Economics, 142
(2005)
Multivariate fractional cointegration and GDP convergence. https://www.researchgate
M. Bleaney, Akira Nishiyama (2002)
Economic growth and income inequality
P. Phillips, Donggyu Sul (2005)
Economic Transition and GrowthYale: Cowles Foundation Working Papers
M. Ravallion (2001)
Inequality Convergence
Kristin Forbes (2000)
A Reassessment of the Relationship between Inequality and GrowthThe American Economic Review, 90
Ian Dew-Becker, R. Gordon (2005)
Where Did the Productivity Growth Go? Inflation Dynamics and the Distribution of IncomeBrookings Papers on Economic Activity, 2005
A Alesina, D Rodrik (1994)
Distributive politics and economic growthQuarterly Journal of Economics, 109
R. Barro (2000)
Inequality and Growth in a Panel of CountriesJournal of Economic Growth, 5
M. Friedman (1992)
Do Old Fallacies Ever DieJournal of Economic Literature, 30
F. Canova (2004)
Testing for Convergence Clubs in Income Per Capita: A Predictive Density ApproachMacroeconomics eJournal
M. Bleaney, Akira Nishiyama (2003)
Convergence in income inequality: differences between advanced and developing countriesEconomics Bulletin, 4
Joseph Haubrich, A. Lo (2001)
The sources and nature of long-term memory in aggregate outputEconometric Reviews
T Piketty, E Saez (2003)
Income inequality in the United States, 1913-1998Quarterly Journal of Economics, 118
Mark Frank (2008)
A New State-Level Panel of Annual Inequality Measures Over The Period 1916-2005Journal of Business Strategies
R. Solow (1956)
A Contribution to the Theory of Economic GrowthQuarterly Journal of Economics, 70
Young Kim (2015)
Electricity consumption and economic development: Are countries converging to a common trend?Energy Economics, 49
F. Gomes (2007)
Convergence in Income Inequality: the Case of Brazilian MunicipalitiesEconomics Bulletin, 15
E. Ceesay (2013)
Inequality and Growth
P. Krugman (2019)
The Conscience of a LiberalIdeals and Ideologies
RJ Barro, X Sala-i-Martin (1992)
ConvergenceJournal of Political Economy, 100
R. Gordon (2009)
Has the Rise in American Inequality Been Exaggerated?Challenge, 52
C. Goldin, R. Margo (1991)
The Great Compression: The Wage Structure in the United States at Mid- CenturyEconomic History
Pei‐Chien Lin, Ho-Chuan Huang (2012)
Inequality convergence revisited: Evidence from stationarity panel tests with breaks and cross correlationEconomic Modelling, 29
A. Bernard, S. Durlauf (1995)
Convergence in International OutputJournal of Applied Econometrics, 10
DT Quah (1996)
Empirics for economic growth and convergenceEuropean Economic Review, 40
(2014)
Redistribution, inequality, and growth. IMF staff discussion notes
Roberto Perotti (1996)
Growth, income distribution, and democracy: What the data sayJournal of Economic Growth, 1
K. Abadir, G. Talmain (2002)
Aggregation, Persistence and Volatility in a Macro ModelERN: Other Macroeconomics: Aggregative Models (Topic)
A. Berg, J. Ostry (2011)
Inequality and Unsustainable Growth: Two Sides of the Same Coin?IMF Economic Review, 65
NG Mankiw, DH Romer, DN Weil (1992)
A contribution to the empirics of economic growthQuarterly Journal of Economics, 107
(2007)
A pairwise approach for testing output and growth convergence
J Haubrich, A Lo (2001)
The sources and nature of long-term memory in aggregate outputFederal Reserve Bank f Cleveland Economic Review, Q2
C. Bliss (2000)
Galton's Fallacy and Economic Convergence: A Reply to Cannon and Duck, 52
P. Kaestner (2016)
Fault Lines How Hidden Fractures Still Threaten The World Economy
N. Apergis, Christina Christou, J. Payne (2011)
Political and Institutional Factors in the Convergence of International Equity Markets: Evidence from the Club Convergence and Clustering ProcedureAtlantic Economic Journal, 39
R Bénabou (1996)
NBER Macroeconomics Annual, 11
C Goldin, R Margo (1992)
The great compression: The wage structure in the United States at mid-centuryQuarterly Journal of Economics, 107
L. Gil‐Alana (2002)
Seasonal long memory in the aggregate outputEconomics Letters, 74
N. Antonakakis, Christina Christou, J. Cuñado, Rangan Gupta (2017)
Convergence patterns in sovereign bond yield spreads : evidence from the Euro AreaJournal of International Financial Markets, Institutions and Money, 49
U. Panizza (2001)
Convergence in Income InequalityJournal of Income Distribution®
S. Durlauf, P. Johnson (1995)
Multiple regimes and cross‐country growth behaviourJournal of Applied Econometrics, 10
T. Swan (1956)
ECONOMIC GROWTH and CAPITAL ACCUMULATIONEconomic Record, 32
This paper contributes to the sparse literature on inequality convergence by empirically testing convergence across states in the U.S. This sample period encompasses a series of different periods that the existing literature discusses -- the Great Depression (1929–1944), the Great Compression (1945–1979), the Great Divergence (1980-present), the Great Moderation (1982–2007), and the Great Recession (2007–2009). This paper implements the relatively new method of panel convergence testing, recommended by Phillips and Sul (2007). This method examines the club convergence hypothesis, which argues that certain countries, states, sectors, or regions belong to a club that moves from disequilibrium positions to their club-specific steady-state positions. We find strong support for convergence through the late 1970s and early 1980s, and then evidence of divergence. The divergence, however, moves the dispersion of inequality measures across states only a fraction of the way back to their levels in the early part of the twentieth century.
International Advances in Economic Research – Springer Journals
Published: Mar 20, 2018
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.