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Full-Text Articles in Economic Theory
Convergence In Income Inequality: Further Evidence From The Club Clustering Methodology Across States In The U.S., Nicholas Apergis, Christina Christou, Rangan Gupta, Stephen M. Miller
Convergence In Income Inequality: Further Evidence From The Club Clustering Methodology Across States In The U.S., Nicholas Apergis, Christina Christou, Rangan Gupta, Stephen M. Miller
Economics Faculty Publications
This paper contributes to the sparse literature on inequality convergence by empirically testing convergence across states in the U.S. This sample period encompasses a series of different periods that the existing literature discusses -- the Great Depression (1929–1944), the Great Compression (1945–1979), the Great Divergence (1980-present), the Great Moderation (1982–2007), and the Great Recession (2007–2009). This paper implements the relatively new method of panel convergence testing, recommended by Phillips and Sul (2007). This method examines the club convergence hypothesis, which argues that certain countries, states, sectors, or regions belong to a club that moves from disequilibrium positions to their club-specific …
Governance By Economist: An Historical Note On The Keynesian Revolution, Lewis Karstensson
Governance By Economist: An Historical Note On The Keynesian Revolution, Lewis Karstensson
Economics Faculty Publications
An inferential analysis of the performance of the United States economy with respect to production, employment, and average price level over the twentieth century by presidential administration.