Convergence and Divergence of Regional Income Distributions and Welfare

1994 ◽  
Vol 76 (2) ◽  
pp. 228 ◽  
Author(s):  
John A. Bishop ◽  
John P. Formby ◽  
Paul D. Thistle
2021 ◽  
Author(s):  
Banque de France RPS Submitter ◽  
Florian Bonnet ◽  
Âurélie Sotura

Economies ◽  
2020 ◽  
Vol 8 (2) ◽  
pp. 40
Author(s):  
Angelos Liontakis

This study examines the evolution of the regional per capita income from the perspective of a policymaker at the national level. To do that, it utilizes stochastic dominance analysis by including a utility function that expresses the “regional inequalities aversion” level of the policymaker. In this way, the analysis indicates how the policymakers rank income distributions according to their primary policy objectives and more specifically, GDP growth and diminishing of income inequalities. Data refer to the per capita GDPs of the Greek prefectures during the period 2000–2017, in real terms. The estimation of certainty equivalents provides a numeric index of preference among regional income distributions according to the policy objectives mix. Results indicate that the period 2000–2017 is characterized by different patterns of regional income evolutions. Overall, there is no regional convergence from year 2000 to 2017, while the evolution of regional income does not follow a constant path. The analysis provides thoughtful insights into the way that different policy targets and preferences can affect the relevant ranking of income distributions. In a certain level of policymakers’ “regional inequalities aversion”, a balance between economic growth and diminishing of regional inequalities targets is assumed. Apart from a useful tool in economic research, this quantification approach can also be utilized in policy design for setting more appropriate policy targets, based on the preferences of policymakers at the national level.


2020 ◽  
Vol 52 (4) ◽  
pp. 537-557 ◽  
Author(s):  
Sergio Rey ◽  
Su Yeon Han ◽  
Wei Kang ◽  
Elijah Knaap ◽  
Renan Xavier Cortes

2021 ◽  
Vol 3 (2) ◽  
pp. p42
Author(s):  
Louis H. Amato ◽  
John E. Connaughton ◽  
Caroline Swartz

Recent literature suggests that whether you observe state level convergence or divergence in PCPI depends largely on whether period beginning or ending quintile income groupings are used. The prior literature demonstrates that state income distributions based upon 1969 quintiles indicate PCPI convergence, while 2012 quintiles generate the opposite result. Evidence presented in this paper confirms similar patterns through 2017 confirming that previous results are more than recession driven anomalies. We also find considerable variability within MSA rankings over the 1969-2017 time period, a finding which suggests that MSA income performance is considerably more complex than superstar city paradigms would predict.


Author(s):  
Thomas C. Berg

By now, it is a commonplace of the American religious scene that the majority of the nation's white Protestant Christians are split into “two parties.” The ideological dividing line runs between “mainline” denominations—Methodists, Presbyterians, Episcopalians—and a bevy of conservative denominations and groups, but it also cuts through the mainline itself, which contains a substantial contingent of conservatives.Among the two parties' numerous disagreements, theological and political, few have run deeper and longer than their difference over the meaning and importance of evangelism, the activity of “proclaiming the gospel” to those outside the Christian community. Is the church's prime call in this regard to seek conversions to the Christian faith, or is it to show the love of Christ by working for charitable goals and social justice? A well-known 1973 study of Presbyterian clergy found that the greatest polarization between self-described “conservatives” and “liberals” came over the relative priority of evangelism and social action. Indeed, the fight over these goals was an important (though by no means the only) factor precipitating the “split” early in this century.


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