Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If You Use a Screen Reader

This content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.

Initial Values and Income Convergence: Do "The Poor Stay Poor"?

Etsuro Shioji
The Review of Economics and Statistics
Vol. 86, No. 1 (Feb., 2004), pp. 444-446
Published by: The MIT Press
Stable URL: http://www.jstor.org/stable/3211689
Page Count: 3
  • Read Online (Free)
  • Download ($19.00)
  • Subscribe ($19.50)
  • Cite this Item
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Initial Values and Income Convergence: Do "The Poor Stay Poor"?
Preview not available

Abstract

A panel data estimation finds a high speed of income convergence among the U.S. states. However, initial incomes show a pattern which is difficult to explain by the estimated model. A simulation study shows that this pattern can be explained much more naturally when we assume that true convergence is slow.

Page Thumbnails

  • Thumbnail: Page 
444
    444
  • Thumbnail: Page 
445
    445
  • Thumbnail: Page 
446
    446