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Aquaculture Productivity Convergence in India: A Spatial Econometric Perspective

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  • Paraguas, Ferdinand J.
  • Dey, Madan Mohan

Abstract

This paper provides an illustration of evaluating productivity convergence using spatial econometric modelling framework for the aquaculture sector in India. Productivity has been measured using Total Factor Productivity (TFP). The b- and s-convergence concepts that are used to test the convergence hypothesis have been extended to examine the possible presence of spatial autocorrelation and spatial heterogeneity. The results have confirmed the productivity convergence hypothesis, the presence of spillover effects on TFP growth and the presence of spatial regimes in the TFP convergence process which have policy implications. The paper concludes by providing recommendations for further research.

Suggested Citation

  • Paraguas, Ferdinand J. & Dey, Madan Mohan, 2006. "Aquaculture Productivity Convergence in India: A Spatial Econometric Perspective," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 19(2006).
  • Handle: RePEc:ags:aerrae:57783
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    References listed on IDEAS

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    1. Praduman kumar & Anjani kumar & Surabhi Mittal, 2004. "Total Factor Productivity of Crop Sector in the Indo-Gangetic Plain of India: Sustainability issues revisited," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 39(1), pages 169-201, January.
    2. Durlauf, Steven N. & Quah, Danny T., 1999. "The new empirics of economic growth," Handbook of Macroeconomics,in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 4, pages 235-308 Elsevier.
    3. Baumol, William J, 1986. "Productivity Growth, Convergence, and Welfare: What the Long-run Data Show," American Economic Review, American Economic Association, vol. 76(5), pages 1072-1085, December.
    4. Evenson, Robert E. & Pray, Carl E. & Rosegrant, Mark W., 1999. "Agricultural research and productivity growth in India:," Research reports 109, International Food Policy Research Institute (IFPRI).
    5. L. Randall Wray & Stephanie Bell, 2004. "Introduction," Chapters,in: Credit and State Theories of Money, chapter 1 Edward Elgar Publishing.
    6. Philippe Robert-Demontrond & R. Ringoot, 2004. "Introduction," Post-Print halshs-00081823, HAL.
    7. Fan, Shenggen & Hazell, P. B. R. & Thorat, Sukhadeo, 1999. "Linkages between government spending, growth, and poverty in rural India:," Research reports 110, International Food Policy Research Institute (IFPRI).
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    Keywords

    Agricultural and Food Policy;

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