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Evidence of Increasing Regional Income Variation in the United States: 1969-2006

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DOI: 10.4236/me.2014.55049    3,983 Downloads   4,803 Views   Citations
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Orley M. Amos Jr.*

Affiliation(s)

Department of Economics and Legal Studies, Oklahoma State University, Stillwater, USA.

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.

KEYWORDS

Regional Income Inequality, Kuznet’s Inverted-U, Income Convergence

Cite this paper

Amos Jr., O. (2014) Evidence of Increasing Regional Income Variation in the United States: 1969-2006. Modern Economy, 5, 520-532. doi: 10.4236/me.2014.55049.

Conflicts of Interest

The authors declare no conflicts of interest.

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