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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ABSTRACT Informality and Long-Run Growth *
TL;DR: In this article, the authors use quantitative theory to study the dynamic implications of informality on wage inequality, human capital accumulation, child labor and long-run growth in developing economies and conclude that the case for the poverty trap hypothesis is strong: although informality serves to protect low-skilled workers from extreme poverty in the short run, it prevents income convergence between developed and developing nations in the long run.
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Revisiting the Commodity Curse: A Financial Perspective
TL;DR: In this paper, the response of a three-sector commodity-exporter small open economy to a commodity price boom is studied and the authors suggest that capital account management policies could be welfare improving in those circumstances.
Book ChapterDOI
How the Human Resource Practices of Chinese MNEs in Africa Create Economic Growth and Livelihood Options
TL;DR: In this paper, the economic development impact of multinational enterprises (MNEs) in developing countries is analyzed and the relationship between MNEs' developmental effect on economic growth and poverty reduction and their use of human resource management (HRM) practices is examined.
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Missing an opportunity: the Italian Mezzogiorno's trading troubles during European integration
TL;DR: In this article, a dataset of employment rates in tradeable and non-tradeable sectors from 2000 to 2010 is constructed to analyse the strength and development of the Mezzogiorno's export base during European integration.
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The Geography of Talent: Development Implications and Long-Run Prospects
TL;DR: In this paper, a two-sector, two-class, world economy model was developed and parameterized to characterize the recent evolution of the geographic distribution of talent, and studies its implications for development inequality.
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.