Journal ArticleDOI
Unconditional Convergence in Manufacturing
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TLDR
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
Citations
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Is Mining Fuelling Long-Run Growth in Russia? Industry Productivity Growth Trends Since 1995
TL;DR: In this article, the authors analyzed for the first time the drivers of Russian growth at the level of industries and found that aggregate GDP growth is driven as much by capital input as MFP growth.
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Toward an Understanding of Economic Growth in Africa: A Re-Interpretation of the Lewis Model
Xinshen Diao,Margaret McMillan +1 more
TL;DR: In this article, the authors adapt Lewis's (1954) dual-economy model to the economies of Africa to better understand the role that the in-between sector as defined by Lewis (1979) has played in Africa's recent growth.
Journal ArticleDOI
Was Kuznets Right? New Evidence on the Relationship between Structural Transformation and Inequality
Cinar Baymul,Kunal Sen +1 more
TL;DR: The authors examined the Kuznets postulate that structural transformation leads to higher inequality using comparable panel data for a large number of developing and developed countries for 1960-2012 and found that structural transformations led to higher inequalities.
Journal ArticleDOI
Services Trade Restrictiveness and Manufacturing Productivity: The Role of Institutions
TL;DR: In this paper, the authors study the effect of services trade restrictiveness on manufacturing productivity for a broad cross-section of countries at different stages of economic development and identify a critical role of local institutions in shaping this effect.
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Development as Diffusion: Manufacturing Productivity and Sub-Saharan Africa’s Missing Middle - Working Paper 357
TL;DR: In this article, the authors consider economic development of Sub-Saharan Africa from the perspective of slow convergence of productivity, both across sectors and across firms within sectors, and summarize and analyze three sets of factors: poor business climate, which constrains the allocation of production factors between sectors and firms, complex political economy of business-government relations in Africa's small economies.
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.
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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.