Productivity growth and convergence in US agriculture: new cointegration panel data results
AbstractDynamic effects of health and inter-state and inter-industry knowledge spillovers, Total Factor Productivity (TFP) growth and convergence in US agriculture are examined using recently developed procedures for panel data and a growth accounting model. Strong evidence is found to support the hypothesis that TFP converges to a steady state. Health care supply in rural areas and research spillovers from other states and from nonagricultural sectors are found to have significant impacts on the productivity growth rate in both the short and the long run. These results suggest a richer set of opportunities for policy makers to enhance productivity growth than previously considered.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 43 (2011)
Issue (Month): 1 ()
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Other versions of this item:
- Yucan Liu & C. Richard Shumway & Robert Rosenman & V. Eldon Ball, 2008. "Productivity Growth and Convergence in U.S. Agriculture: New Cointegration Panel Data Results," Working Papers 2008-4, School of Economic Sciences, Washington State University.
- O30 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - General
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
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