Select the counties of a US state. Find the per capita personal income of those counties between 1969-2018 and analyze the changes that occurred during that period. The website where this information is located is https://www.bea.gov/data/income-saving/personal-income-by-stateLinks to an external site.

The objective of the work is to see if beta convergence is met in the chosen state.

• Besides:

1. Evaluate sigma convergence
2. Present a scatter plot where on the Y Axis is the growth rate of the analysis period and on the X Axis is the per capita personal income of the initial year of the analysis period. Indicate if convergence is fulfilled graphically.
3. Graphically evaluate whether there is spatial dependence in the analysis period.
4. Present the Moran Test
5. Evaluate convergence by running OLS, SAR, and SEM. In each case:

5.A. Explain the beta sign and its individual significance. 5.B. Calculate and explain the convergence rate 5.C. Explain R squared 5.D. Evaluate homoscedasticity

6. Present a summary of your regressions in GeoDa.