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
Manufacturing growth accelerations in developing countries
Nobuya Haraguchi,Bruno Martorano,Bruno Martorano,Marco Sanfilippo,Anirudh Shingal,Anirudh Shingal +5 more
TL;DR: In this paper, the authors investigated the factors driving manufacturing growth accelerations in a sample of 134 developing countries over the period 1970 to 2014 and found that human capital and institutions represent contextual factors that favor the growth of manufacturing, together with macroeconomic policies related to investment, and openness to foreign trade and capital.
Posted Content
Manufacturing the future: is the manufacturing sector a driver of R&D, exports and productivity growth?
Alex Coad,Antonio Vezzani +1 more
TL;DR: The authors examined the relationship between manufacturing and exports and found that a manufacturing sector target of 20% of value-added will help reach a BERD target of 3% of GDP.
Journal ArticleDOI
Convergence and divergence: a new approach, new data, and new results
TL;DR: In this article, the authors use the Penn World Tables to examine convergence and divergence across countries by applying a new approach, which differentiates between the dynamics of output and of productivity, and find that the gaps in technology are not only large but keep growing over time.
Book ChapterDOI
Structural Change in Latin America: Does the Allocation of Resources across Sectors, Products, and Technologies Explain the Region’s Slow Productivity Growth?
Journal ArticleDOI
Economic Transformation and Sustainable Development through Multilateral Free Trade Agreements
TL;DR: The authors developed a large-scale global Computable General Equilibrium (CGE) model by incorporating recent theoretical advances in international trade: Heterogeneous workers endogenously sort into different technologies based on their comparative advantage, and aggregate productivity is determined by skill-technology assignment in equilibrium.
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.