An Alternative Approach to the Analysis of the U.S. Per Capita Income Convergence

2005 ◽  
Author(s):  
Ming Chien Lo ◽  
Mark D. Partridge
2020 ◽  
Vol 23 (3) ◽  
pp. 319-346
Author(s):  
Vaseem Akram ◽  
Badri Narayan Rath

In this study, we examine the role of export diversification in the convergence of per capita income (output). By applying the dynamic system Generalized Method of Moments (GMM) estimator to a panel dataset consisting of 95 countries, we find evidence of both absolute and conditional divergence for the full sample and the subsamples based on income and regions. Thus, our findings suggest that, although high export diversification boosts the per capita income (output), it does not significantly reduce per capita income (output) gap between rich and poor countries.


1974 ◽  
Vol 34 (4) ◽  
pp. 980-1007 ◽  
Author(s):  
Michael Edelstein

Perhaps because the world had never before or since seen such a large proportion of national income devoted to accumulating overseas assets, the processes of British accumulation in the period from 1870 to 1913 have long been given disproportionate attention in the study of modern British economic history. Calculations based on C. H. Feinstein's latest studies of U.K. income, expenditures and product suggest that roughly half of the nation's annual savings took the form of net foreign lending during these years, savings averaging slightly less than ten percent of net national income. Undoubtedly, interest in these matters has been further augmented by the intriguing problem of the United Kingdom's loss of world leadership in both industrial output and per capita income during these same years.


1997 ◽  
Vol 31 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Helmut Hofer ◽  
Andreas Wörgötter

2008 ◽  
Vol 40 (3) ◽  
pp. 953-965
Author(s):  
Renan Zhuang ◽  
Won W. Koo ◽  
Jeremy Mattson

We investigate the factors behind the growing U.S. trade deficit in consumer-oriented agricultural products by using reliable panel data and an empirical trade model derived from international trade theory. The results indicate that per capita income in the United States appears to be the most important determinant for the growing U.S. trade deficit of consumer-oriented agricultural products. An increase in per capita income and trade liberalization in foreign countries would improve the U.S. trade balance. U.S. foreign direct investment abroad in food manufactures and the North American Free Trade Agreement (NAFTA) are found to have negative effects on the U.S. trade balance.


1991 ◽  
Vol 20 (2) ◽  
pp. 171-173
Author(s):  
Hugh W. Knox

The Bureau of Economic Analysis (BEA) at the U.S. Department of Commerce produces long-term regional projections of income, population, per capita income and earnings, and employment by industry for regions, states, Metropolitan Statistical Areas, and BEA Economic Areas on a regular basis. The projections are prepared every five years and were last published in 1990.


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