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dc.contributor.authorDuran, Hasan Engin
dc.date.accessioned2017-05-30T13:20:18Z
dc.date.available2017-05-30T13:20:18Z
dc.date.issued2014-06
dc.identifier.citationEngin Duran, H. (2014). Short-run dynamics of income disparities and regional cycle synchronization in the U.S.. Growth and Change, 45(2), 292-332. doi:10.1111/grow.12040en_US
dc.identifier.issn0017-4815
dc.identifier.urihttps://doi.org/10.1111/grow.12040
dc.identifier.urihttp://hdl.handle.net/11147/5648
dc.description.abstractSince the 1990s, the issue of regional income convergence and its long-term tendencies has been thoroughly and heatedly discussed. Much less attention, however, has been devoted to the short-run dynamics of regional convergence. In particular, three important aspects have not yet been adequately addressed. First, it is indeed essential to understand whether regional disparities manifest a tendency to move systematically along the national cycle. Then, if this happens to be the case, it becomes crucial to know whether 1) these movements are pro- or counter-cyclical,2) the cyclical evolution of the disparities is a consequence of differences in the timing with which the business cycle is felt in regions or it is motivated by the amplitude differences across local cyclical swings. In this paper, we shed light on these issues using data on personal income for the 48 coterminous U.S. states between 1969 and 2008. Our results indicate that income disparities do not move randomly in the short run but follow a distinct cyclical pattern, moving either pro- or counter-cyclically depending on the period of analysis. These patterns are probably explained by the changes in the direction of capital and labor flows that favor developed or poorer states in different periods. As for the underlying mechanism, it appears that the short-run evolution of the disparities in recent years is largely a consequence of differences in the timing with which the business cycle is felt across states rather than the outcome of amplitude differences across local cyclical swings.en_US
dc.language.isoengen_US
dc.publisherWiley-Blackwellen_US
dc.relation.isversionof10.1111/grow.12040en_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectBusiness cycleen_US
dc.subjectCapital flowen_US
dc.subjectConvergenceen_US
dc.subjectLabor supplyen_US
dc.subjectUnited Statesen_US
dc.titleShort-run dynamics of income disparities and regional cycle synchronization in the U.S.en_US
dc.typearticleen_US
dc.contributor.authorIDTR111930en_US
dc.relation.journalGrowth and Changeen_US
dc.contributor.departmentIzmir Institute of Technology. City and Regional Planningen_US
dc.identifier.volume45en_US
dc.identifier.issue2en_US
dc.identifier.startpage292en_US
dc.identifier.endpage332en_US
dc.identifier.wosWOS:000337520500007
dc.identifier.scopusSCOPUS:2-s2.0-84901635340
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US


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