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

Table 3 shows the average annual growth rate of state GDP per capita and its
variation across sectors over the period 1963—1997. The highest average annual GDP
growth rate in the sample is observed in the mining sector, while the wholesale/retail trade
sector shows the lowest. The mining sector has more variability in the GDP growth rate as
well.

[Table 3 about here]

Figure 1 shows the productivity level in each sector over the period 1963—1997. The
general observation is that there is an upward trend of the productivity level in almost all
sectors. The mining sector shows the most variability over the period.

[Figure 1 about here]

The top five most productive states in each sector in 1963 and 1997 are presented in
Table 4. There is variability across industry and over time in terms of the productivity leader.
For example, Kentucky was the most productive state in the manufacturing sector in 1963
but has been replaced by New Mexico in 1997. Only Louisiana and Wyoming lead the
mining and transportation and utilities sectors respectively in both 1963 and 1997.

[Table 4 about here]

Figure 2 shows the coefficient of variation (yellow) of the states GDP per capita
along with the Moran’s I statistics (red) over the period 1963-1997. The coefficient of

<<   6   7   8   9   10   11   12   >>

More intriguing information