Unconditional convergence
By: Dani Rodrik
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 17546; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 17546.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity.  The paper documents this finding for 4-digit manufacturing sectors for a large group of developed and developing countries over the period since 1990.  The coefficient of unconditional convergence is estimated quite precisely and is large, at 3.0-5.6 percent per year depending on the estimation horizon.  The result is robust to a large number of specification tests, and statistically highly significant.  Because of data coverage, these findings should be as viewed as applying to the organized, formal parts of manufacturing"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 1/10/2012.

Includes bibliographical references.

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