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.

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