Inter-state dynamics of invention activities, 1930-2000

We study the dynamics of the cross-section distribution of patents per capita for the 48 continental US states from 1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence hypothesis. The distribution of patents is converging to a limit...

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Veröffentlicht in:Journal of applied econometrics (Chichester, England) England), 2006-12, Vol.21 (8), p.1111-1134
Hauptverfasser: Co, Catherine Y., Landon-Lane, John S., Yun, Myeong-Su
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container_title Journal of applied econometrics (Chichester, England)
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creator Co, Catherine Y.
Landon-Lane, John S.
Yun, Myeong-Su
description We study the dynamics of the cross-section distribution of patents per capita for the 48 continental US states from 1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence hypothesis. The distribution of patents is converging to a limiting distribution that is significantly more concentrated than its initial distribution. States in the extreme are more mobile than states in the middle of the cross-sectional distribution and are likely to move to the middle. However, the rate of convergence to the limiting distribution is 'slow'.
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source Wiley Online Library Journals Frontfile Complete; Jstor Complete Legacy
subjects Convergence
Data analysis
Distribution
Economic geography
Eigenvalues
Empirical evidence
Engineering
Federal states
Information classification
Inventions
Markov analysis
Markov chains
Modeling
Per capita
Prior convictions
Regional economics
Standard deviation
Studies
U.S.A
title Inter-state dynamics of invention activities, 1930-2000
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