Convergence towards a steady-state distribution

Webber, Don J.; White, Paul

Abstract

The convergence literature frequently presupposes some unidentified steady-state distribution. This paper presents a new method to identify the presence and rate of convergence to a steady-state distribution. The method is illustrated with application to UK regional male wages. © 2006 Elsevier B.V. All rights reserved.

• Journal Article Type: Article
• Publication Date: Mar 1, 2007
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 94
• Issue: 3
• Pages: 338-341
• DOI: https://doi.org/10.1016/j.econlet.2006.08.015
• Keywords: convergence, steady state, average UK regional male wages
• Public URL: https://uwe-repository.worktribe.com/output/1029597
• Publisher URL: http://dx.doi.org/10.1016/j.econlet.2006.08.015