Document Type
Article
Publication Date
1-1-2020
Journal / Book Title
Economics Bulletin
Abstract
Using quarterly real GDP data from 2005 to 2019 for all U. S. states from the Bureau of Economic Analysis, we construct an economic inequality measure which is additively decomposable into within and between-region inequality. We find increases in economic disparity in terms of total real GDP across the states. The results show that states belonging to the South and West regions are growing apart, contributing significantly toward the level of total economic disparity in the country. However, in terms of per-capita real GDP, economic disparity across states is much smaller. The results emphasize the role of population dynamics in mitigating economic disparity across U. S. states.
MSU Digital Commons Citation
Berisha, Edmond; Dubey, Ram Sewak; Meszaros, John; and Olson, Eric, "Trends in economic inequality: Are U.S. states growing apart?" (2020). Department of Economics Faculty Scholarship and Creative Works. 112.
https://digitalcommons.montclair.edu/economics-facpubs/112
Rights
This Open Access article is shared in accordance with publisher guidelines.
Published Citation
Berisha, Edmond and Dubey, Ram Sewak and Meszaros, John and Olson, Eric and Olson, Eric, Trends in Economic Inequality: Are U.S. States Growing Apart? (January 19, 2020). Edmond Berisha and Ram Sewak Dubey and John Meszaros and Eric Olson, (2020) ''Trends in Economic Inequality: Are U.S. states growing apart?'', Economics Bulletin, Vol. 40 No. 2 p.A113., Available at SSRN: https://ssrn.com/abstract=3523960 or http://dx.doi.org/10.2139/ssrn.3523960