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Metropolitan Income Growth and Convergence

Roberto J. Cavazos
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A01=Roberto J. Cavazos
Annual Cross Sections
Author_Roberto J. Cavazos
Basic Neoclassical Model
Category=JHB
Conditional Convergence
Conditional Convergence Hypothesis
Data Set
Dummy Variables
empirical economic analysis
Endogenous
Endogenous Growth Model
Endogenous Growth Theory
Entire Time Span
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Federal Procurement Data System
Growth
income convergence
Metropolitan
Metropolitan Area Data Book
metropolitan income dynamics research
metropolitan income growth
Metropolitan Incomes
nations economic growth
Neoclassical
neoclassical economics
Neoclassical Growth
Neoclassical Growth Model
Neoclassical Growth Theory
neoclassical theory
Private Marginal Product
Public Infrastructure
regional development
Regional Dummies
Sic
SMSA
Technology Augmentation
Time Dummy Effects
Unit Root Problem
Unit Root Variables
urban economics

Product details

  • ISBN 9781138730328
  • Weight: 158g
  • Dimensions: 156 x 234mm
  • Publication Date: 29 Jan 2019
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

This title was first published in 2001. What determines urban growth? Much has been written on particular causes and incidents which can explain the rise of one metropolis and the fall of another, but these do not illustrate general tendencies. This volume asks whether theories used to explain economic growth of nations or regions can be employed to find characteristics which encourage the growth of cities. Cavazos tests two principal theoretical approaches in this way. The first, the endogenous growth theory, predicts that incomes will diverge and sees technological innovations as the engine of economic growth. The second, the neoclassical growth theory, predicts conditional convergence and rates capital accumulation as the key to economic growth. He uses the two models to study US metropolitan income growth between 1970 and 1990 and compares their performance to determine which provides more insightful explanations of metropolitan growth.

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