Convergence Clubs of State-Level Agricultural Productivity in the U.S.A
The objective of the present study is to investigate empirically the existence of convergence clubs in state-level agricultural productivity of the USA. This is pursued using Total Factor Productivity (TFP) data from 48 contiguous states over the period 1960-99 and time series methods which endogenously allocate states to clubs on the basis of the long-run behavior of the respective productivity levels. According to the results, there are multiple equilibria each of them attracting a rather small number states, while a large portion of states form single-member clubs.
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Volume (Year): 59 (2006)
Issue (Month): 4 ()
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