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
Do Global Value Chains Enhance Economic Upgrading? A Long View
Stefan Pahl,Marcel P. Timmer +1 more
TL;DR: In this paper, the long-run effects of GVC participation for a largescale industrialization trend in the South were studied. But the long run effects of global value chains (GVCs) participation were not analyzed.
BookDOI
Can Service Be a Growth Escalator in Low Income Countries
Ejaz Ghani,Stephen D. O'Connell +1 more
TL;DR: In this paper, the authors raise the concern that low-income countries, especially in Africa, are experiencing premature de-industrialization and the concern is that they are growing without transforming.
ReportDOI
What is driving the ‘african growth miracle’?
TL;DR: The authors show that much of Africa's recent growth and poverty reduction can be traced to a substantive decline in the share of the labor force engaged in agriculture, and that this decline has been accompanied by a systematic increase in the productivity of the labour force, as it has moved from low productivity agriculture to higher productivity manufacturing and services.
Journal ArticleDOI
Can Developing Countries Gain from Defying Comparative Advantage? Distance to Comparative Advantage, Export Diversification and Sophistication, and the Dynamics of Specialization
Pauline Lectard,Eric Rougier +1 more
TL;DR: In this paper, the authors investigate whether defying comparative advantage has prompted a more sophisticated and diversified export basket in a large panel of countries over the period 1992-2012, and they find that developing countries that defy their comparative advantage tend to export more manufactured items and manufacturing goods that are more sophisticated.
Journal ArticleDOI
Spatial rebalancing and industrial convergence in China
TL;DR: In this paper, the authors argue that this rebalancing reflects, with a time lag, the catching up process which has been at work in the industry of the inland region since the end of the 1990s.
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.