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Showing 1 to 1 of 1 for “"recession-recovery period"”.
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Does the business cycle matter for convergence testing? Evidence from U.S. commuting zone level data, 1973-2007
… 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 …