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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Journal ArticleDOI
High Order Openness
TL;DR: The authors proposed a new measure of high order trade, labeled HOT, based on the fraction of a sector's downstream uses that cross a border to evaluate a sector exposure to foreign shocks abstracting altogether from observed direct trade, which they exploit to construct instruments for openness.
Dissertation
Effects of Macroeconomic Factors on Financial Performance of Listed Manufacturing Firms in Kenya
Posted Content
Three Varieties of Africa’s Industrial Future
TL;DR: In this article, the authors show that African economies have generally not de-industrialized, that manufacturing growth is very possible, and moreover that the contribution of manufacturing in Africa has been underestimated.
Journal ArticleDOI
The impact of surges in net private capital inflows on manufacturing, investment, and unemployment
Sheida Teimouri,Joachim Zietz +1 more
TL;DR: In this paper, the authors examined the dynamic response of surges in net private capital inflows on the output and employment shares of manufacturing, the investment output ratio, and the unemployment rate.
Journal ArticleDOI
Resource-based economies and deindustrialisation: an Indonesian perspective on sub-Saharan Africa
TL;DR: In this article, the authors compare recent development in sub-Saharan Africa to other regions, particularly Southeast Asia, to illustrate how a resource abundant nation can industrialise, as rapid growth in staple food production resulted in economically cheap labour.
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.