Total factor productivity growth and convergence in the petroleum industry : empirical analysis testing for convexity

While economic theory acknowledges that some features of technology (e.g., indivisibilities, economies of scale and specialization) can fundamentally violate the traditional convexity assumption, almost all empirical studies accept the convexity property on faith. In this contribution, we apply two alternative flexible production technologies to measure total factor productivity growth and test the significance of the convexity axiom using a nonparametric test of closeness between unknown distributions. Based on unique field level data on the petroleum industry, the empirical results reveal significant differences, indicating that this production technology is most likely non-convex. Furthermore, we also show the impact of convexity on answers to traditional convergence questions in the productivity growth literature.

Paintings of the petroleum industry in Lea County, New Mexico

"The pr1.mary purpose of this thea1a waa to learn about and t .o produce a aeries of pa1nt1n~.a that aymbolized. tbe oil induatry 1n Lea. Count,-, New ltexic.o. The secondary purpose waa to learn more about tho oil industry, which is the big business in Le.a Countj, :New Mexico"

Labor relations in the petroleum industry,

Mimeographed.

The Nigerian petroleum industry : a guide /

Includes index.

Applied mathematics for petroleum industry,

Mode of access: Internet.

The American petroleum industry.

Contents.- v.1. Age of illumination, 1859-1899.- v.2. Age of energy, 1899-1959.

Petroleum industry record, 1918-1948.

Mode of access: Internet.

Nefti͡anoe khozi͡aĭstvo. Petroleum industry.

Issues for 1920-35 called also v. 1-29.

Petroleum industry in Illinois, 1959 /

pt. 1. Oil and gas developments. Introduction -- Production and economics -- Drilling and development -- Productive acreage -- Estimated petroleum reserves -- Gas and gas products -- Underground gas storage -- pt. 2. Waterflood operations. Introduction -- Summary -- Project numbers, by county -- Illinois waterfloods operating during 1959 -- Illinois pressure maintenance projects using water injection during 1959 -- Illinois waterflood projects reported abandoned.

Petroleum industry in Illinois in 1955.

pt.1. Oil and gas developments, [by] Alfred H. Bell, Virginia Kline -- pt. 2. Waterflood operations, [by] Paul A. Witherspoon, Donald A. Pierre.

Petroleum industry in Illinois in 1957.

pt. 1. Oil and gas developments. Introduction -- Production and value -- Drilling and development -- Productive acreage -- Estimated petroleum reserves -- Gas and gas products -- Underground gas storage -- County reports -- pt. 2. Waterflood operations. Introduction -- Summary of results -- Project numbers, by county -- Illinois waterflood projects operating during 1957 -- Illinois waterflood projects reported abandoned -- Illinois pressure maintenance projects using water injection during 1957.

Basic electricity for the petroleum industry.

Mode of access: Internet.