期刊論文

標題 Convergence in income inequality? evidence from panel unit root tests with structural breaks
學年 101
學期 1
出版(發表)日期 2012/08/01
作品名稱 Convergence in income inequality? evidence from panel unit root tests with structural breaks
作品名稱(其他語言)
著者 Lin, Pei-chien; Huang, Ho-chuan
單位 淡江大學產業經濟學系; 淡江大學財務金融學系
出版者 Heidelberg: Physica-Verlag GmbH und Co.
著錄名稱、卷期、頁數 Empirical Economics 43(1), pp.153-174
摘要 This paper empirically tests whether there is evidence of convergence in income inequality, as predicted by several versions of the neoclassical growth model, using a large panel of annual data for the 48 contiguous states in the US over the 1916–2005 period. By implementing the panel LM unit root test developed by Im et al. (Oxford Bull Econ Stat 67:393–419, 2005, Panel LM unit-root tests with trend shifts, Mimeo, 2010) that allows for the presence of structural breaks and heterogeneity in the panel, we find overwhelming evidence in support of convergence in income inequality. In addition, the results are robust to alternative inequality indicators used, different notions of stochastic convergence defined, and additional cross-sectional correlation considered.
關鍵字
語言 英文(美國)
ISSN 1435-8921;0377-7332
期刊性質 國外
收錄於 SSCI;
產學合作
通訊作者 Lin, Pei-chien
審稿制度
國別 德國
公開徵稿
出版型式 紙本,電子版