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Why Did Income Growth Vary Across States During the Great Depression?
| Content Provider | Scilit |
|---|---|
| Author | Garrett, Thomas A. Wheelock, David C. |
| Copyright Year | 2006 |
| Description | This note investigates the sources of variation in the growth of per capita personal incomes across U.S. states during the Great Depression. States entering the economic contraction with relatively low per capita incomes tended to suffer larger percentage declines in per capita income than did high income states. By contrast, low-income states tended to experience larger percentage gains during the recovery. Hence, state per capita incomes diverged during the contraction phase and converged during the recovery phase. |
| Related Links | http://research.stlouisfed.org/wp/2005/2005-013.pdf https://www.cambridge.org/core/services/aop-cambridge-core/content/view/950D4C3E709F70088C0F704D0D97456B/S0022050706000192a.pdf/div-class-title-why-did-income-growth-vary-across-states-during-the-great-depression-div.pdf |
| Ending Page | 466 |
| Page Count | 11 |
| Starting Page | 456 |
| ISSN | 00220507 |
| e-ISSN | 14716372 |
| DOI | 10.1017/s0022050706000192 |
| Journal | The Journal of Economic History |
| Issue Number | 2 |
| Volume Number | 66 |
| Language | English |
| Publisher | Cambridge University Press (CUP) |
| Publisher Date | 2006-06-01 |
| Access Restriction | Open |
| Subject Keyword | The Journal of Economic History History of Social Sciences Spatial Econometrics Per Capita Income Great Depression |
| Content Type | Text |
| Resource Type | Article |
| Subject | History Economics and Econometrics |
