Aquaculture Productivity Convergence in India: A Spatial Econometric Perspective
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This paper provides an illustration of evaluating productivity convergence
using spatial econometric modelling framework for the aquaculture sector
in India. Productivity has been measured using Total Factor Productivity
(TFP). The b- and s-convergence concepts that are used to test the
convergence hypothesis have been extended to examine the possible
presence of spatial autocorrelation and spatial heterogeneity. The results
have confirmed the productivity convergence hypothesis, the presence
of spillover effects on TFP growth and the presence of spatial regimes in
the TFP convergence process which have policy implications. The paper
concludes by providing recommendations for further research.