Initial values and income convergence: Do the poor stay poor?
成果类型：
Article
署名作者：
Shioji, E
署名单位：
Yokohama National University
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.1162/003465304774201888
发表日期：
2004-02
页码：
444-446
关键词：
摘要：
A panel data estimation finds a high speed of income convergence among the U.S. states. However, initial incomes show a pattern which is difficult to explain by the estimated model. A simulation study shows that this pattern can be explained much more naturally when we assume that true convergence is slow.
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