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How important are human capital, physical capital and total factor productivity for determining state economic growth in the United States, 1840–2000?

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  • Chad Turner

    ()

  • Robert Tamura

    ()

  • Sean Mulholland

    ()

Abstract

This paper introduces new data on state-level physical capital by sector and land in the farm sector for the states of the United States from 1840 to 2000. These data are incorporated into aggregate accounting exercises with the aim of comparing cross-state results to those found in cross-country samples. Our aggregate results agree closely with the cross-country literature: input accumulation accounts for most of output growth, between three-fifths and three-quarters, but variation in the growth of TFP accounts for about three-quarters of the variation in the growth rate of output per worker. In convergence accounting, convergence of log TFP accounts for about seventy percent of the observed convergence in log output per worker. Copyright Springer Science+Business Media New York 2013

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Bibliographic Info

Article provided by Springer in its journal Journal of Economic Growth.

Volume (Year): 18 (2013)
Issue (Month): 4 (December)
Pages: 319-371

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Handle: RePEc:kap:jecgro:v:18:y:2013:i:4:p:319-371

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Web page: http://www.springerlink.com/link.asp?id=102931

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Keywords: State physical capital; Human capital; Land; Economic growth; O4; E22; J24;

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References

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Citations

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Cited by:
  1. Felbermayr, Gabriel & Gröschl, Jasmin, 2014. "Within U.S. trade and the long shadow of the american secession," Munich Reprints in Economics 20587, University of Munich, Department of Economics.
  2. Areendam Chanda & Bibhudutta Panda, . "Productivity Growth in Goods and Services across US States: What can We Learn from Factor Prices?," Departmental Working Papers 2011-16, Department of Economics, Louisiana State University.
  3. Tamura, Robert & Simon, Curtis & Murphy, Kevin M., 2012. "Black and White Fertility, Differential Baby Booms: The Value of Civil Rights," MPRA Paper 40921, University Library of Munich, Germany.
  4. Hernan Moscoso Boedo, 2007. "Optimal Technology and Development," 2007 Meeting Papers 144, Society for Economic Dynamics.
  5. Areendam Chanda & Bibhudutta Panda, . "Unbalanced Productivity Growth in US States: Evidence from Factor Prices," Departmental Working Papers 2012-04, Department of Economics, Louisiana State University.
  6. Jasmin Katrin Gröschl, 2013. "Gravity Model Applications and Macroeconomic Perspectives," ifo Beiträge zur Wirtschaftsforschung, Ifo Institute for Economic Research at the University of Munich, number 48.
  7. Growiec, Jakub, 2009. "On the Measurement of Technological Progress Across Countries," MPRA Paper 19321, University Library of Munich, Germany.
  8. Kondo, Illenin O., 2013. "Trade Reforms, Foreign Competition, and Labor Market Adjustments in the U.S," International Finance Discussion Papers 1095, Board of Governors of the Federal Reserve System (U.S.).
  9. Laura Obreja Braşoveanu, 2012. "Correlation Between Government and Economic Growth - Specific Features for 10 Nms," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(5), pages 14, October.
  10. Turner, Chad & Tamura, Robert & Schoellman, Todd & Mulholland, Sean, 2011. "Estimating Physical Capital and Land for States and Sectors of the United States, 1850-2000," MPRA Paper 32847, University Library of Munich, Germany.
  11. Jakub Growiec, 2012. "The World Technology Frontier: What Can We Learn from the US States?-super-," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 74(6), pages 777-807, December.

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