Answered step by step
Verified Expert Solution
Question
1 Approved Answer
elect 7 counties in a US state. Search https://www.bea.gov/data/income-saving/personal-income-by-state for personal income per capita for those counties. Include in your final assignment from 1971 to
elect 7 counties in a US state. Search https://www.bea.gov/data/income-saving/personal-income-by-state for personal income per capita for those counties. Include in your final assignment from 1971 to 2020. Identify whether beta convergence holds in the chosen state.
- Evaluate the convergence .
- Construct a scatterplot where the growth rate for the period is on the y-axis, and the personal income per capita for the initial year of the period under analysis is on the x-axis.
- Indicate whether the convergence holds graphically.
- Evaluate graphically if there is spatial dependency in the period of analysis (see slide 29 of the presentation).
- Present the Moran Test (graph) and explain your result.
- Evaluate -convergence by running OLS, SAR, and SEM. In each case:
- Explain the sign of and its meaning.
- Calculate and explain the rate of convergence (). Explain R2.
- Evaluate homoscedasticity .
- Present a summary of your regressions in GeoDa
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started