TITLE:
Evidence of Increasing Regional Income Variation in the United States: 1969-2006
AUTHORS:
Orley M. Amos Jr.
KEYWORDS:
Regional Income Inequality, Kuznet’s Inverted-U, Income Convergence
JOURNAL NAME:
Modern Economy,
Vol.5 No.5,
May
23,
2014
ABSTRACT: This
paper investigates the inter-county variation of per capita personal income
within US states from 1969 to 2006. It is a test of the growth pole cycles
theory of spatial-temporal economic development that combines the theory of
growth poles with the theory of long wave cycles. Standard OLS regression
analysis is performed using data from the Bureau of Economic. Results indicate
that regional income variation increased for the majority of states with no
indication of a decrease or convergence of regional incomes.