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(Article of periodic en Anglais - 2012)

Document title

Multiple trend shifts and unit roots in US state income levels : implications for long-run growth

Authors(s) and Affiliation(s)

ROMERO-ÁVILA D. ;

Abstract

The paper examines the presence of a unit root in real per capita personal income for 49 US states over the period 1929-2004. Employing a panel stationarity test which incorporates multiple level and slope shifts, the A. finds clear-cut evidence of regime-wise trend stationarity after controlling for cross-correlation. Estimates of steady-state growth paths indicate that growth rates have slowed down for about one half of the states while increasing for the other half

T

Source

Article of periodic

published at : The Annals of regional science / ISSN 0570-1864

Editor : Springer, Berlin - ALLEMAGNE (1967)

Millesime : 2012, vol. 48, no3 [pp. 641-661]

Bibliographic references : 43 ref.

Collation : 1 fig., 5 tabl.

Language

Anglais

Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1007/s00168-010-0420-6

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2012
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