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Poverty, Income Inequality and Economic Growth in U.S. Counties: - page 33 / 33

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(1) OLS

(3) OLS

Poor counties*

Rich counties

Per capita income in 1979

-0.05 (0.000)

-0.05 (0.000)

Income inequality in 1979

-0.389 (0.000)

-2.348 (0.000)

Poverty in 1979 (%ge of people living below poverty line)

-0.008 (0.000)

0.004 (0.332)

Constant

0.943 (0.000)

1.550 (0.000)

State Fixed Effects

Yes

Yes

Growth rate of people with a bachelor’s degree or higher between 1979 and 1999

0.044 (0.026)

0.032 (0.099)

Growth rate of population between 1979 and 1999

-0.041 (0.339)

0.069 (0.161)

Percentage of people employed in manufacturing sector in 1979

-0.000 (0.971)

0.0007 (0.123)

Percentage of white population in 1979

0.517 (0.000)

0.178 (0.553)

Per capita local government expenditure in 1979

0.517 (0.000)

0.155 (0.589)

Number of Observations R2

1450 0.81

1450 0.69

Table 4: OLS estimations: Dependent Variable: Real Growth rate of Per Capita Income

between 1979 and 1999 (standard errors clustered by state)

p- values in parenthesis

  • *

    Poor counties are the ones with a real per capita personal income of less than $16,707 in 1999,

and rich counties are the ones with a real per capita personal income of more than $17,084 in 1999.

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