An alternative perspective on the stochastic convergence of incomes in the United States

References

• Amsler , C. and Lee , J. 1995 . An LM test for a unit root in the presence of structural change . Econometric Theory , 11 : 359 – 68 .
   Web of Science ®Google Scholar
• Banerjee , A. , Lumsdaine , R. and Stock , J. 1992 . Recursive and sequential tests of the unit root and trend break hypotheses: theory and international evidence . Journal of Business and Economic Statistics , 10 : 271 – 87 .
   Web of Science ®Google Scholar
• Barro , R. 1991 . Economic growth in a cross section of countries . Quarterly Journal of Economics , 106 : 407 – 43 .
   Web of Science ®Google Scholar
• Barro , R. and Sala-i-Martin , X. 1991 . Convergence across states and regions . Brookings Papers on Economic Activity , 1 : 107 – 82 .
   Google Scholar
• Barro , R. and Sala-i-Martin , X. 1992 . Convergence . Journal of Political Economy , 100 : 223 – 51 .
   Web of Science ®Google Scholar
• Baumol , W. 1986 . Productivity growth, convergence and welfare: what the long-run data show . American Economic Review , 76 : 1075 – 85 .
   Web of Science ®Google Scholar
• Bernard , A. and Durlauf , S. 1995 . Convergence in international output . Journal of Applied Econometrics , 10 : 97 – 108 .
   Web of Science ®Google Scholar
• Bliss , C. 1999 . Galton's fallacy and economic convergence . Oxford Economic Papers , 51 : 4 – 14 .
   Web of Science ®Google Scholar
• Bliss , C. 2000 . Galton's fallacy and economic convergence: a reply to Cannon and Duck . Oxford Economic Papers , 52 : 420 – 2 .
   Web of Science ®Google Scholar
• Cannon , E. and Duck , N. 2000 . Galton's fallacy and economic convergence . Oxford Economic Papers , 52 : 415 – 9 .
   Web of Science ®Google Scholar
• Carlino , G. and Mills , L. 1993 . Are US incomes converging? A time series analysis . Journal of Monetary Economics , 32 : 335 – 46 .
   Web of Science ®Google Scholar
• Carlino , G. and Mills , L. 1996 . Are US incomes converging? Reply . Journal of Monetary Economics , 38 : 599 – 601 .
   Web of Science ®Google Scholar
• Carlino , G. and Mills , L. 1996a . Testing neoclassical convergence in regional incomes and earnings . Regional Science and Urban Economics , 26 : 565 – 90 .
   Web of Science ®Google Scholar
• Dickey, D. and Fuller, W. (1979) Distribution of the estimators for autogressive time series with a unit root, Journal of the American Statistical Association, 74, 427–31
   Google Scholar
• Evans , P. 1996 . Using cross-country variances to evaluate growth theories . Journal of Economics Dynamics and Control , 20 : 1027 – 49 .
   Web of Science ®Google Scholar
• Evans , P. and Karras , G. 1996 . Convergence revisited . Journal of Monetary Economics , 37 : 249 – 65 .
   Web of Science ®Google Scholar
• Friedman , M. 1992 . Do old fallacies ever die? . Journal of Economic Literature , 30 : 2129 – 32 .
   Web of Science ®Google Scholar
• Furceri , D. 2005 . β and σ-convergence: a mathematical relation of causality . Economics Letters , 89 : 212 – 5 .
   Web of Science ®Google Scholar
• Kim , T. , Leybourne , S. and Newbold , P. 2000 . Spurious breaks by Perron tests in the presence of a break . Oxford Bulletin of Economics and Statistics , 62 : 433 – 44 .
   Web of Science ®Google Scholar
• Lee, J. and Strazicich, M. (1999) Minimum LM unit root test, mimeo, Department of Economics, University of Central Florida
   Google Scholar
• Lee , J. and Strazicich , M. 2001 . Break point estimation and spurious rejections with endogenous unit root tests . Oxford Bulletin of Economics and Statistics , 63 : 535 – 58 .
   Web of Science ®Google Scholar
• Lee , J. and Strazicich , M. 2003 . Minimum LM unit root test with two structural breaks . Review of Economics and Statistics , 85 : 1082 – 9 .
   Web of Science ®Google Scholar
• Li , Q. and Papell , D. 1999 . Convergence of international output: time series evidence for 16 OECD economies . International Review of Economics and Finance , 8 : 267 – 80 .
   Google Scholar
• Loewy , M. and Papell , D. 1996 . Are US incomes converging? Some further evidence . Journal of Monetary Economics , 38 : 587 – 98 .
   Web of Science ®Google Scholar
• Lumsdaine , R. and Papell , D. 1997 . Multiple trend breaks and the unit root hypothesis . Review of Economics and Statistics , 79 : 212 – 8 .
   Web of Science ®Google Scholar
• Mankiw , G. , Romer , D. and Weil , D. 1992 . A contribution to the empirics of economic growth . Quarterly Journal of Economics , 107 : 407 – 37 .
   Web of Science ®Google Scholar
• Ng , S. and Perron , P. 1995 . Unit root tests in ARMA models with data-dependent methods for the selection of the truncation lag . Journal of the American Statistical Association , 90 : 268 – 81 .
   Web of Science ®Google Scholar
• Nunes , L. , Newbold , P. and Kuan , C.-M. 1997 . Testing for unit roots with breaks: evidence on the great crash and the unit root hypothesis reconsidered . Oxford Bulletin of Economics and Statistics , 59 : 435 – 48 .
   Web of Science ®Google Scholar
• Perron, P. (1989) The great crash, the oil price shock, and the unit Root Hypothesis, Econometrics, 57, 1361–401
   Google Scholar
• Quah , D. 1993 . Galton's fallacy and tests of the convergence hypothesis . Scandinavian Journal of Economics , 95 : 427 – 43 .
   Web of Science ®Google Scholar
• Quah , D. 1996 . Empirics for growth and convergence . European Economic Review , 40 : 1353 – 75 .
   Web of Science ®Google Scholar
• Sala-i-Martin , X. 1996 . Regional cohesion: evidence and theories of regional convergence . European Economic Review , 40 : 1325 – 52 .
   Web of Science ®Google Scholar
• Solow , R. 1956 . A contribution to the theory of economic growth . Quarterly Journal of Economics , 70 : 65 – 94 .
   Web of Science ®Google Scholar
• Strazicich , M. , Lee , J. and Day , E. 2004 . Are incomes converging among OECD countries? Time series evidence with two structural breaks . Journal of Macroeconomics , 26 : 131 – 45 .
   Web of Science ®Google Scholar
• Zivot , E. and Andrews , D. 1992 . Further evidence on the Great Crash, the oil price shock and the unit root hypothesis . Journal of Business and Economic Statistics , 10 : 251 – 70 .
   Web of Science ®Google Scholar