Abstract
We present a simple reproducible methodology for constructing regional capital stock data, which we apply to Israel. We find that capital deepening has been sigma-convergent since 1985. This process is "inverted" since capital stocks and capital-labor ratios in the richer center have been catching-up with their counterparts in the poorer periphery. We explain this phenomenon in terms of fundamental changes in regional policy. Despite this, regional wages have not been sigma-convergent because other wage determinants have been sigma-divergent.
| Original language | American English |
|---|---|
| Pages (from-to) | 599-617 |
| Number of pages | 19 |
| Journal | Annals of Regional Science |
| Volume | 47 |
| Issue number | 3 |
| DOIs | |
| State | Published - 1 Dec 2011 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 1 No Poverty -
SDG 8 Decent Work and Economic Growth
Keywords
- O18
- R11
- R53
ASJC Scopus subject areas
- General Environmental Science
- General Social Sciences
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