Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2013-10-11
Number: 13-165/VIII
Author-Name: Stilianos Alexiadis
Author-Workplace-Name: Ministry of Rural Development & Foods, Greece
Author-Name: Konstantinos Eleftheriou
Author-Workplace-Name: Abu Dhabi University, United Arab Emirates
Author-Name: Peter Nijkamp
Author-Workplace-Name: VU University Amsterdam
Title: Do Income Disparities dissipate across the US States?  Experimenting with a Vector Error Correction Model
Abstract: This paper examines the long-run trends in per-capita income across the US states (1929-2005). Our analysis advocates and implements a Vector Error Correction Model (VECM), in order to investigate whether disparities in per-capita income embody a stable long-run relation. The empirical application is supplemented with Factor Analysis to identify groups of States with a common behaviour in terms of per-capita income.
Classification-JEL: C22, R10
Keywords: Intraregional income disparities, Vector Error Correction Model, Factor Analysis
File-Url: https://papers.tinbergen.nl/13165.pdf
File-Format: application/pdf
File-Size: 193894 bytes
Handle: RePEc:tin:wpaper:20130165