Co, Catherine; Landon-Lane, John; Yun, Myeong-Su - Department of Economics, Rutgers University-New Brunswick - 2005
We study the dynamics of the cross-section distribution of patents per capita for the 48 continental U.S. states from 1930 to 2000 using a discrete-state Markov chain. We test for and find evidence in favor of the (knowledge) convergence hypothesis as we find that the distribution of patents is...