NDLI: Convergence Across the United States: Evidence from Panel ESTAR Unit Root Test

Content Provider	Springer Nature Link
Author	Lau, Chi Keung Marco
Copyright Year	2009
Abstract	Many empirical studies try to test whether there is income convergence across metropolitan areas in the continental United States. Drennan et al. (Journal of Economic Geography 4(5), 2004) claim that income among metropolitan economies is diverging for the period 1969–2001, after applying univariate unit root tests to the time series data. This paper brings new information to this area of study by using the nonlinear panel unit root test of the Exponential Smooth Auto-Regressive Augmented Dickey–Fuller (ESTAR-ADF) unit root test on the time series data for the period 1929–2005. Our results find evidence of stationarity for time series and thereby support beta and sigma convergence among states in a nonlinear setup. However, when the non-linear test encompasses cross section dependence as advocated by Cerrato et al. (2008), the evidence is attenuated.
Starting Page	52
Ending Page	64
Page Count	13
File Format	PDF
ISSN	10830898
Journal	International Advances in Economic Research
Volume Number	16
Issue Number	1
e-ISSN	1573966X
Language	English
Publisher	Springer US
Publisher Date	2009-10-23
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Econometric and Statistical Methods and Methodology: General Global Outlook Demographic Economics: General Economic Development: General Economic Growth and Aggregate Productivity: General United States income convergence Nonlinear panel unitroottest ESTAR Cross section dependence Economic Growth Microeconomics International Economics Macroeconomics/Monetary Economics Economics general
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

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