2021 Resource Governance Index | Natural Resource Governance Institute
Shared by Hans De Keulenaer, 1 save total
Shared by Hans De Keulenaer, 1 save total
Unlike economies as a whole, manufacturing industries exhibit strong un-conditional convergence in labor productivity. The article documents this atvarious levels of disaggregation for a large sample covering more than 100countries over recent decades. The result is highly robust to changes in thesample and specification. The coefficient of unconditional convergence is esti-mated quite precisely and is large, at between 2–3% in most specifications and2.9% a year in the baseline specification covering 118 countries. The article alsofinds substantial sigma-convergence at the two-digit level for a smaller sampleof countries. Despite strong convergence within manufacturing, aggregate con-vergence fails due to the small share of manufacturing employment inlow-income countries and the slow pace of industrialization. Because of datacoverage, these findings should be as viewed as applying to the organized,formal parts of manufacturing.
Neil Postman speech 1998
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