Growth and Technological Leadership in US Industries: A Spatial Econometric Analysis at the State Level, 1963-1997



Table 5: Unconditional Convergence Model.

Sectors

Beta

Standard
Error

Rate of
Convergence

Mining

-0.3810***

0.0954

1.41

Construction

-0.5334***

0.1248

2.24

Manufacturing

-0.7447***

0.1441

4.02

Transportation and Public Utility

-0.6996***

0.1785

3.54

Wholesale Trade/Retail trade

-0.1125

0.1577

0.35

F.I.R.E

-0.5794***

0.1548

2.55

Services

-0.3386**

0.1588

1.22

Government

-0.3546***

0.0907

1.29

Total

-0.4333***

0.1427

1.67

Significance at the 1 and 5 level is signaled by *** and ** , respectively.

24



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