Journal ArticleDOI
Unconditional Convergence in Manufacturing
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The authors found that manufacturing industries exhibit strong unconditional convergence in labor productivity and showed that despite strong convergence within manufacturing, aggregate convergence fails due to the small share of manufacturing employment in low-income countries and slow pace of industrialization.Abstract:
Unlike economies as a whole, manufacturing industries exhibit strong unconditional convergence in labor productivity. The article documents this at various levels of disaggregation for a large sample covering more than 100 countries over recent decades. The result is highly robust to changes in the sample and specification. The coefficient of unconditional convergence is estimated quite precisely and is large, at between 2–3% in most specifications and 2.9% a year in the baseline specification covering 118 countries. The article also finds substantial sigma convergence at the two-digit level for a smaller sample of countries. Despite strong convergence within manufacturing, aggregate convergence fails due to the small share of manufacturing employment in low-income countries and the slow pace of industrialization. Because of data coverage, these findings should be as viewed as applying to the organized, formal parts of manufacturing.read more
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Export sophistication and economic performance, new evidence using TiVA database
TL;DR: In this article , the authors investigated the relationship between export sophistication and economic performance using a panel data from 64 countries over 2005-2015 and found that strong evidence of the positive effect of the manufacturing sector on countries' economic performance was found.
Journal Article
Crucial for Modern Sector Development? The Role of Exports and Institutions in Developing Countries
Rainer Grundmann,Thomas Gries +1 more
TL;DR: The authors analyzed whether international trade and institutions play a special role in manufacturing sector growth in East Asia and found that both exports and institutions are vital for a manufacturing sector, and also provided interesting insights into the role of natural resources and official development aid.
Journal ArticleDOI
Unobserved Heterogeneity in Regression Models: A Semiparametric Approach Based on Nonlinear Sieves
TL;DR: In this article, a semiparametric approach to control for unobserved heterogeneity in linear regression models, based on an artificial neural network extremum estimator, is proposed to study convergence of per capita income across Brazilian municipalities.
MonographDOI
India's Services Sector Growth: The Impact of Services Trade on Non-tradable Services
TL;DR: In this article , the authors examined the effect of tradable services growth on non-tradable services across Indian districts using a shift-share "Bartik-type" instrumental variable.
References
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Journal ArticleDOI
Convergence across States and Regions
TL;DR: In this paper, the authors use the neoclassical growth model as a framework to study convergence across the forty-eight contiguous U.S. states using data on personal income since 1840 and on gross state product since 1963.
Posted Content
Productivity Growth, Convergence and Welfare: What the Long Run Data Show
TL;DR: Maddison's 1870-1979 data are analyzed, showing the historically unprecedented growth in productivity, GDP per capita and exports and the remarkable convergence of productivities of industrialized market economies, with convergence apparently shared by planned economies but not less developed countries as discussed by the authors.
Book
Handbook of Economic Growth
TL;DR: The Handbook of Economic Growth as discussed by the authors summarizes recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth.
Posted Content
Productivity Growth, Convergence, and Welfare: What the Long-Run Data Show
TL;DR: Maddison's 1870-1979 data are analyzed, showing the historically unprecedented growth in productivity, gross domestic product per capita and exports and the remarkable convergence of productivities of industrialized market economies, with convergence apparently shared by planned economies but not less developed countries.