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 … productivity growth in agriculture. As with the rate of catch-up, the embodiment effect was much stronger during low economic …