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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Patterns of Specialization and (Un)conditional Convergence: The Cases of Brazil, China and India
Marine Hadengue,Thierry Warin +1 more
TL;DR: In this article, the authors propose mesurer the convergence economique for trois pays emergents: le Bresil, la Chine and l’Inde, and propose a nouvelle definition of convergence, sur la base de la productivite du travail.
Journal ArticleDOI
Dependenz trifft Warenketten: Zur Überausbeutung von Arbeit im globalen Süden
TL;DR: In this article, the authors setzt sich kritisch mit den Annahmen der Mainstream-Guterkettenforschung auseinander, and verdeutlicht die unterschiedlichen Reproduktionsbedingungen, die es ermoglichen, vergleichbare Arbeit im globalen Suden erheblich schlechter zu entlohnen.
Sources of TFP Growth in Indian Manufacturing Sector: A Frontier Approach
TL;DR: In this paper, the authors decompose TFP growth into technical progress (TP) and technical efficiency change (TEC) to understand which component contributes to the overall productivity growth during the period 1980-2011.
Posted Content
Long-term Inflationary Services and the Problem of Sectorial Measurement in National Accounts: An Analysis of the American Case
Rafael Leao,Jorge Saba Arbache +1 more
TL;DR: This paper found evidence that the so-called American deindustrialization is, at least in part, a result of relative prices dynamics underneath manufacturing and services progress over time, and that the deflationary pattern of the manufacturing sector does not necessarily imply a less relevant role in the economy.
Journal ArticleDOI
Deindustrialization in the EU between Transformation and Decline
TL;DR: In the Kaldorian tradition, manufacturing is the main engine of growth and deindustrialization is a concern for economists and policymakers as mentioned in this paper, and the authors of this paper analyze deindustrialisation occurring in the 28th century.
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.