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Growth, cycles and convergence in US regional time series
Growth, cycles and convergence in US regional time series
Growth, cycles and convergence in US regional time series
Growth, cycles and convergence in US regional time series
Growth, cycles and convergence in US regional time series
MIGUEL JEREZ MENDEZ2005, International Journal of Forecasting
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Cyc1_LUS
FirstPrincipalComponentCycle
.03
.02
.01
0
-.01
-.02
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
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GL_Trend
SE_Trend
RM_Trend
0.25
ME_Trend
PL_Trend
SW_Trend
FW_Trend
10
9.75
9.5
9.25
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8.75
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1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
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Cross_Sectional_Std._Deviation
Cross_Sectional_Std._Deviation_(Bottom_6)
.175
.15
.125
.1
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1950
1955
1960
1965
1970
1975
1980
1985
1990
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.1
0
-.1
-.2
-.3
Convergence_SW
Convergence_FW
Convergence_GL
Convergence_RM
Convergence_SE
Convergence_PL
-.4
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
6}hi .G L?ih}i?Ui UL4TL?i?| uLh t TLLhit| hi}L?t
2H
2000
0.25
Trend_SW
Trend_FW
Trend_GL
Common_Trend
10
Trend_RM
Trend_SE
Trend_PL
9.75
9.5
9.25
9
8.75
1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
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.1
0
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Convergence_FW
Convergence_GL
-.5
1950
1960
1970
Convergence_RM
Convergence_SE
Convergence_PL
1980
1990
2000
2010
2020
6}hi bG 6LhiU@t|t uLh UL?ih}i?Ui UL4TL?i?|
Path_SW
Path_FW
Path_GL
1
Path_RM
Path_SE
Path_PL
.8
.6
.4
.2
2000
2005
2010
2015
6}hi fG 6LhiU@t| T@| Ebbb'
2020
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Contrast_NE
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1950
1955
1960
1965
1970
1975
1980
1985
1990
1995
2000
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