English, Article, Journal or magazine article edition: Persistence in inequalities across the Spanish regions Jesús Rodríguez; Diego Romero de Ávila; Diego Martínez-López

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Bookmark: http://trove.nla.gov.au/version/160807
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Persistence in inequalities across the Spanish regions
Author
  • Jesús Rodríguez
  • Diego Romero de Ávila
  • Diego Martínez-López
Physical Description
  • preprint
Notes
  • In this paper we investigate several issues concerning persistence in inequalities of relative income per capita among the Spanish regions over 1980-2002. For that purpose we take a Bayesian approach which extends the work by Canova and Marcet (1995). Firstly, we study to what extent there exists a fixed effect bias in the standard cross-section estimates, and we find that the speed of convergence is indeed underestimated. Secondly, we provide a battery of results in which steady states and convergence rates have been obtained for a continuum of prior distributions. Finally, we also deal with persistence in inequalites by determining whether initial conditions matter in the distribution of regional steady states, and our conclusion is that regional disparities tend to persist over time in Spain.
  • Convergence, Inequalities, Bayesian Econometrics, Gibbs sampling
  • RePEc:cea:doctra:e2005_11
Language
  • English
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