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



Table 7. Endogenous Growth Model with Diagnostics for Spatial Models.

Sectors

Models a

Variables

Total

OLS

_____GM-HET

OLS

Low

High

Constant

-0.270***

-0.318**

-0.134

-0.052

Human capital

0.012***

0.017***

0.014***

-0.031

Spillover human capital

0.007

0.007

0.003

0.022

Spatial domestic effect

-0.009

-0.037**

-0.003

0.052***

Catch-up

0.011***

0.024***

0.009

0.012***

Log labor ratio

-0.880***

-1.087***

-0.436

1.082

Log capital ratio

0.421***

0.516***

0.177

-0.516

Spatial AR parameter13

0.325***

R2 adjusted

0.76

0.36

AIC

-121.23

28.01

LIK

67.61

-7.00

JBc

1.03

3.79

BPd

8.42

4.35

Chow-Walde

7.91

I

0∣γ- ■ ■

0.12**

LM-error

2.56*

1.38

Robust LM-error

1.71

2.47

LM-Iag

1.10

0.28

Robust LM-Iag

0.25

1.38

LM-SARMA__________

_________2.81

________2.76

,' Significance at the 1, 5 and 10% level is signaled by ***, ** and *, respectively,
b Spatial Autoregressive parameter of the spatial error model.

cJarque Bera test for normality of the errors.

d Breusch-Pagan test with random coefficients as the alternative hypothesis.

c Chow-Wald test for stability of coefficients across regimes.

Mining__________________

Constmction

______GM-HET______

OLS

_____GM-HET

Low

High

Low

High

1.280

-0.506

-0.250

-0.178

-0.303

-0.036

-0.020

-0.003

-0.012

0.005

-0.015

0.041

0.012

0.010

0.015

-0.007

0.017

-0.010

0.009

-0.032

0.014***       0.028**

0.010

0.004

0.030

0.022

-0.347

.ɪ 464***

-1.282**

-0.956*

-0.170

0.013

0.732***

0.672***

0.477*

0.460***

-0.440***

0.48

-59.51

36.75

9 93***

9.93

4.52

4.67

0.10*

0.73

2.51

0.01

1.78

2.51



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