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An Analysis of Regional Income Variation among the Five Regions of Oklahoma

机译:俄克拉荷马州五个地区的地区收入差异分析

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This paper investigates recent trends of per capita personal income in the state of Oklahoma to ascertain what if any long-run trends are exhibited. Standard theoretical analysis suggests that per capita incomes are expected to converge, especially across regions. However, recent research indicates that the national trend is one of the regional income divergences. The question posed by this paper is whether or not the per capita income in Oklahoma supports evidence of divergence. The data for 1969 to 2012 obtained from Department of Commerce, Bureau of Economic Analysis (BEA) are analyzed. These data are used to regionalize the state into five distinct county-based areas. Results suggest that Oklahoma exhibits a transitional pattern from convergence to divergence during the period of study. The three objectives of this study are: 1) a test of the growth pole cycle theory; 2) an extension of previous analysis of Oklahoma regional income variation; and 3) a preliminary test of the impact of the 2008 recession on regional income variation. After identification and analysis of the five substate regions, an overview of the growth pole cycle theory explaining the hypothesized pattern is provided, followed by an exposition of the analytical methodology. The analytical results are twofold, first, a baseline analysis regressing variation on per capita income and second, the inclusion of the unemployment rate.
机译:本文调查了俄克拉荷马州人均个人收入的最新趋势,以确定如果显示出任何长期趋势,该怎么办。标准理论分析表明,人均收入有望收敛,尤其是在各个地区。但是,最近的研究表明,民族趋势是地区收入差异之一。本文提出的问题是俄克拉荷马州的人均收入是否支持分歧的证据。分析了从经济分析局(BEA)的商务部获得的1969年至2012年的数据。这些数据用于将州划分为五个不同的县级地区。结果表明,俄克拉荷马州在研究期间表现出从收敛到发散的过渡模式。这项研究的三个目标是:1)对增长极周期理论的检验; 2)对俄克拉荷马州地区收入差异的先前分析的扩展; 3)对2008年经济衰退对地区收入差异的影响的初步检验。在确定并分析了五个子状态区域后,提供了对增长极循环理论的概述,解释了假设的模式,随后阐述了分析方法。分析结果有两个方面,第一是基线分析回归人均收入的变化,第二是包括失业率。

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