The paper starts from the critiques to the Barro-style methodology for convergence analysiswith the aim of reviewing the econometric approaches for testing spatial effects in convergenceprocess related to both cross sectional and panel data regressions, a framework that is appliedto a sample of...

We review the constant discount rate present value model of farmland prices using non-stationary panel data analysis. We use panel unit root and cointegration analysis to test if the present value model holds for a sample of 31 U.S. States covering the period 1960-2000. Preliminary results...