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Non-Linear Catching-up and Long-Run Convergence in the Agricultural Productivity of US States

  • Christos Emmanouilides

    ()

    (Aristotle University)

  • Panos Fousekis

    ()

    (Professor, Aristotle University, Dept. Economics)

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.

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Article provided by AccessEcon in its journal Economics Bulletin.

Volume (Year): 29 (2009)
Issue (Month): 1 ()
Pages: 182-189

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Handle: RePEc:ebl:ecbull:eb-08q10010
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  1. Oxley, Les & Greasley, David, 1995. "A Time-Series Perspective on Convergence: Australia, UK and USA since 1870," The Economic Record, The Economic Society of Australia, vol. 71(214), pages 259-70, September.
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  3. Chong, Terence Tai-Leung & Hinich, Melvin J. & Liew, Venus Khim-Sen & Lim, Kian-Ping, 2008. "Time series test of nonlinear convergence and transitional dynamics," Economics Letters, Elsevier, vol. 100(3), pages 337-339, September.
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  5. Kapetanios, George & Shin, Yongcheol & Snell, Andy, 2003. "Testing for a unit root in the nonlinear STAR framework," Journal of Econometrics, Elsevier, vol. 112(2), pages 359-379, February.
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  7. Danny Quah, 1992. "Empirical cross-section dynamics in economic growth," Discussion Paper / Institute for Empirical Macroeconomics 75, Federal Reserve Bank of Minneapolis.
  8. V. Eldon Ball & Charles Hallahan & Richard Nehring, 2004. "Convergence of Productivity: An Analysis of the Catch-up Hypothesis within a Panel of States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1315-1321.
  9. Bart Hobijn & Philip Hans Franses, 2000. "Asymptotically perfect and relative convergence of productivity," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(1), pages 59-81.
  10. Terry Robinson, 2007. "The convergence of electricity prices in Europe," Applied Economics Letters, Taylor & Francis Journals, vol. 14(7), pages 473-476.
  11. Fousekis, Panos, 2006. "Convergence Clubs of State-Level Agricultural Productivity in the U.S.A," Economia Internazionale / International Economics, Camera di Commercio di Genova, vol. 59(4), pages 481-501.
  12. Alan McCunn & Wallace E. Huffman, 2000. "Convergence in U.S. Productivity Growth for Agriculture: Implications of Interstate Research Spillovers for Funding Agricultural Research," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 82(2), pages 370-388.
  13. n/a, 2001. "Balance of payments prospects in EMU," NIESR Discussion Papers 164, National Institute of Economic and Social Research.
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