This paper provides a farm sector comparison of relative levels of capital input for seventeen OECD countries for the period 1973-2011. The starting point for construction of a measure of capital input is the measurement of capital stock. Estimates of depreciable capital are derived by...

This paper examines the relation between the business cycle and convergence in levels of total factor productivity (TFP) across states. First, we find evidence of convergence in TFP levels across the different phases of the business cycle, but the speed of convergence was much greater during...

Tests for a structural break in a time series typically involves partitioning the data into two sub-periods and compare the resulting mean rates of growth. A more formal approach involves estimating the regression parameters for each sub-period and testing theequality of the two sets of...