Please use this identifier to cite or link to this item: https://hdl.handle.net/11147/5558
Title: Regional convergence and aggregate business cycle in the United States
Authors: Magrini, Stefano
Gerolimetto, Margherita
Duran, Hasan Engin
Keywords: Business cycle
Convergence
Distribution dynamics
Regional disparities
Issue Date: Feb-2015
Publisher: Routledge
Source: Magrini, S., Gerolimetto, M., and Duran, H. E. (2015). Regional convergence and aggregate business cycle in the United States. Regional Studies, 49(2), 251-272. doi:10.1080/00343404.2013.766319
Abstract: Magrini S., Gerolimetto M. and Engin Duran H. Regional convergence and aggregate business cycle in the United States, Regional Studies. The existing literature on convergence largely ignores the effect of aggregate fluctuations on the evolution of income disparities. However, if regional disparities follow a distinct cyclical pattern in the short run, the period of analysis should be chosen with great care to avoid distortions in the results. By analysing convergence among forty-eight conterminous US states through the distribution dynamics approach, it is shown that these distortions could be quite sizeable. Moreover, when convergence is analysed over an appropriate period that includes only complete cycles (1989–2007), results show that regional disparities exhibit a pro-cyclical behaviour and that the underlying long-run tendency is towards divergence. © 2013, © 2013 Regional Studies Association.
URI: http://doi.org/10.1080/00343404.2013.766319
http://hdl.handle.net/11147/5558
ISSN: 0034-3404
0034-3404
1360-0591
Appears in Collections:City and Regional Planning / Şehir ve Bölge Planlama
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
Sürdürülebilir Yeşil Kampüs Koleksiyonu / Sustainable Green Campus Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection

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