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Description
Title: | Does the business cycle matter for convergence testing? Evidence from U.S. commuting zone level data, 1973-2007 |
Author(s): | Yu, Chenxi |
Advisor(s): | Hewings, Geoffrey J.D. |
Department / Program: | Urban & Regional Planning |
Discipline: | Regional Planning |
Degree Granting Institution: | University of Illinois at Urbana-Champaign |
Degree: | M.U.P. |
Genre: | Thesis |
Subject(s): | convergence
divergence normal growth period recession-recovery period business /innovation cycle spatial spillover |
Abstract: | This research investigated regional growth patterns under different economic environments. Based on the varying innovation capacities that occur at different stages of the business cycle, I hypothesize that in the more advanced stages of regional development, regional income inequality increases during a normal growth period and decreases during a recession-recovery period. I tested this hypothesis with U.S. per capita income data from 1973 to 2007. This study found evidence supporting the hypothesis: under normal growth periods, regional convergence rate is lower; while during recession-recovery periods, regional convergence rate is higher. This study also found that the overall trend of the convergence rate was decreasing. |
Issue Date: | 2012-02-06 |
Genre: | Dissertation / Thesis |
URI: | http://hdl.handle.net/2142/29734 |
Rights Information: | Copyright 2011 Yu Chenxi |
Date Available in IDEALS: | 2012-02-06 |
Date Deposited: | 2011-12 |
This item appears in the following Collection(s)
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Graduate Dissertations and Theses at Illinois
Graduate Theses and Dissertations at Illinois -
Dissertations and Theses - Urban and Regional Planning
Dissertations in Regional Planning