Ball, V.; San-Juan-Mesonada, Carlos; Ulloa, Camilo - In: Journal of Productivity Analysis 42 (2014) 3, pp. 327-338
This paper examines the relation between the business cycle and convergence in levels of agricultural productivity across the 48 contiguous states. First, we find evidence of convergence in total factor productivity levels across the different phases of the business cycle, but the speed of...