Convergence in the Agricultural Incomes: a Comparison between the US and EU
نویسندگان
چکیده
In this paper we compare the changes in farm incomes in EU regions and US States between1989 and 2002. The aim of this comparative analysis is highlight the patterns of convergence or divergence and how they differ over time. We use two recent analytical instruments: non-stationary panel analysis and dynamic distribution analysis. Both tools overcome the problems involved in using standard cross-section analysis. The results of the non-stationary panel analysis show that the EU regions are converging, and that family farm income is converging faster than net added value. In the US states the analysis shows that substantial differences in farm income persist, and there are no evident signs of convergence. While, the regions are heterogeneous, we modified the analysis to allow for the concept of conditional convergence. The results show that the regions converge towards different levels of productivity but regions that are further from their steady-state level will grow faster. Department of Statistics, University of Bologna, Via Belle Arti, 41, 40126 Bologna (*) Brasili C., Ph. +39 051 2098260, Fax +39 051 232153, E-mail: [email protected] (*) Fanfani R., Ph. +39 051 2098212, Fax +39 051 232153, E-mail: [email protected] Department of Agricultural Economics, University of Sassari, Via De Nicola 1, 07100 Sassari (**)Gutierrez L., Ph. +39 079 229 256, Fax +39 079 229356, Email: [email protected]
منابع مشابه
The Survey of Economic Convergence and Spillover Effects between EU and Mediterranean Countries: a Spatial Econometric Perspective
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