Non-Linear Catching-up and Long-Run Convergence in the Agricultural Productivity of US States
This note investigates convergence of agricultural total factor productivity (TFP) for 48 contiguous states in the US. This is carried out using a recently developed methodology which allows for a clear delineation between catching-up and long-run convergence as well as for the presence of non-linearity in TFP differentials. According to the empirical results, the state TFP dynamics are predominantly long-run converging.
Volume (Year): 29 (2009)
Issue (Month): 1 ()
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