Seminar Papers, Institute for International Economic Studies, Stockholm University
No 601:
Convergence in Per Capita Income and Migration Across the Swedish Counties 1906-1990
Joakim Persson
Abstract: This paper finds strong and robust evidence of convergence
in per capita income across the twenty-four Swedish counties 1906-1990. It
is found that migration has a positive effect, albeit small, on the speed
of convergence. Holding net migration constant, the estimated speed of
convergence is around 3 percent per year, which is higher than estimates
obtained by Barro and Sala-i-Martin (1991,1992) for other regional data
sets. One likely explanation of this finding is that the current study, as
opposed to previous studies, adjusts incomes to account for regional
differences in cost of living.
Keywords: Regional Economic Growth; Convergence; Migration; (follow links to similar papers)
JEL-Codes: O15; O18; O47; (follow links to similar papers)
35 pages, October 30, 1997
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