A note on the US regional and sectoral convergence.

A note on the US regional and sectoral convergence.

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Title

A note on the US regional and sectoral convergence. (EN)

Creator

Ζάγκος, Δημήτριος (EL)

Zagkos, Dimitrios (EN)

Contributor

Παναγιωτίδης, Θεόδωρος (EL)

Type

Electronic Thesis or Dissertation (EN)

Text (EN)

Thesis
Master thesis (EN)

Issued

2015-10-24T09:20:27Z

2015 (EN)

Year

2015 (EN)

Description

Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη, 2015. (EL)

Made available in DSpace on 2015-10-24T09:20:27Z (GMT). No. of bitstreams: 1 A Note on the US Regional and Sectoral Convergence.pdf: 2295313 bytes, checksum: 3d1c3c317a5bf40e8ea2a4f31c1fc437 (MD5) Previous issue date: 2015 (EN)

This study examines labor productivity convergence across the U.S. states for seven major economic sectors from 1987 to 2013. We follow two different approaches; the first one uses cross-section techniques such as beta and sigma convergence analysis and the second adopts panel methods (stochastic convergence) taking advantage of recent developments in panel unit root tests. The results from beta-convergence analysis show evidence of convergence for Mining, Construction, Manufacturing, Transportation and Trade while, according to sigma convergence approach only Construction has a clear trend of convergence. The results from panel methods are contradictory for the Construction sector when our last and more modern unit root test is employed. Finally, Manufacturing seems to exhibit the strongest evidence of convergence in respect to beta and stochastic convergence methods followed by Mining. (EN)

Approved for entry into archive by Παναγιώτα Πατραγκού([email protected]) on 2015-10-24T09:20:26Z (GMT) No. of bitstreams: 1 A Note on the US Regional and Sectoral Convergence.pdf: 2295313 bytes, checksum: 3d1c3c317a5bf40e8ea2a4f31c1fc437 (MD5) (EN)

Submitted by Zagkos Dimitrios ([email protected]) on 2015-10-22T21:42:53Z No. of bitstreams: 1 A Note on the US Regional and Sectoral Convergence.pdf: 2295313 bytes, checksum: 3d1c3c317a5bf40e8ea2a4f31c1fc437 (MD5) (EN)

Scientific field

Social Sciences
Economics and Business (EN)

Subject

Stochastic convergence (EN)

Sigma convergence (EN)

Beta convergence (EN)

Cross sectional dependence (EN)

Publisher

Πανεπιστήμιο Μακεδονίας (EL)

School / Department / Institute

Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη (EL)

University of Macedonia