Regional convergence and common, stochastic long-run trends: A re-examination of the US regional data

被引：14
|
作者：
Tsionas, EG [1 ]
机构：
[1] Athens Univ Econ & Business, Dept Econ, Athens 10434, Greece
来源：
REGIONAL STUDIES | 2001年 / 35卷 / 08期
关键词：
convergence; cointegration; unit root; non-stationarity;
D O I：
10.1080/00343400120084687
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The paper utilizes modern econometric techniques organized around I( 1) and cointegration analysis to examine the number of common, stochastic long-run trends in regional incomes and assess the hypothesis of regional convergence for the US over the period 1929-1997. Time series evidence is conflicting but tends to indicate the presence of too many common, stochastic, long-run trends, thus providing no support for the convergence hypothesis.
引用
收藏
页码：689 / 696
页数：8
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