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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Understanding Latin America and the Caribbean’s income gap
Jorge Thompson Araujo,Ekaterina Vostroknutova,Konstantin M. Wacker,Mateo Clavijo Munoz,Giselle Velasquez +4 more
TL;DR: In this paper, the authors contribute to the ongoing debate on the reasons for the persistent income gap and the potential drivers of convergence, and propose some broad avenues for reform in the Latin America and Caribbean region.
Posted ContentDOI
The evolution of comparative advantage: measurement and implications
TL;DR: In this article, the authors estimate productivities at the sector level for 72 countries and 5 decades, and examine how they evolve over time in both developed and developing countries, and find that comparative advantage has become weaker: productivity grew systematically faster in sectors that were initially at greater comparative disadvantage.
Journal ArticleDOI
A tale of two SICs: Japanese and American industrialisation in historical perspective
TL;DR: This article examined whether Japan adopted new technologies faster compared to the United States and found that new sectors did not appear relatively sooner in Japan, however, they did grow to economic significance faster.
Journal ArticleDOI
Les services peuvent-ils devenir un escalator de croissance pour les pays à faible revenu ?
Ejaz Ghani,Stephen D. O'Connell +1 more
TL;DR: In this article, the authors discuss the effect of the desindustrialisation prematuree on the developpement of the African countries and their ability to developper plus rapidement grâce to leur avantage comparatif.
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.