Productivity Convergence Across Industries And Countries: The Importance Of Theory-Based Measurement
AbstractCross-country studies of economic growth have been hampered by the scarcity of reliable data on productivity at the sector level, see Bernard and Jones (AER, 2001) and Rogerson (JPE, 2008). We bring together literature on industry prices, human capital and capital assets to construct industry-level productivity measures that are well-grounded in neo-classical production theory. These theory-based measures differ widely from the crude measures commonly used in the literature. We use these to confirm and strengthen the finding of Bernard and Jones (AER, 1996) that for advanced OECD countries, patterns of convergence across sectors have differed since 1970: while productivity in market services converged, there is no convergence in manufacturing. More detailed analysis confirms that patterns of convergence are highly industry-specific. There is no dominant convergence trend in sectoral productivity growth across advanced countries.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Cambridge University Press in its journal Macroeconomic Dynamics.
Volume (Year): 13 (2009)
Issue (Month): S2 (September)
Contact details of provider:
Postal: The Edinburgh Building, Shaftesbury Road, Cambridge CB2 2RU UK
Fax: +44 (0)1223 325150
Web page: http://journals.cambridge.org/jid_MDYProvider-Email:firstname.lastname@example.org
Other versions of this item:
- Inklaar, R. & Timmer, M.P., 2009. "Productivity Convergence Across Industries and Countries: The Importance of Theory-based Measurement," GGDC Research Memorandum GD-109, Groningen Growth and Development Centre, University of Groningen.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- López-Pueyo, Carmen & Mancebón, María-Jesús, 2010. "Innovation, accumulation and assimilation: Three sources of productivity growth in ICT industries," Journal of Policy Modeling, Elsevier, vol. 32(2), pages 268-285, March.
- Dijk, Michiel van, 2013.
"Productivity growth at the sectoral level: measurement and projections,"
Proceedings Issues, 2013: Productivity and Its Impacts on Global Trade, June 2-4, 2013. Seville, Spain
152268, International Agricultural Trade Research Consortium.
- Dijk, Michiel van, 2013. "Productivity growth at the sectoral level: measurement and projections," Proceedings Issues, 2013: Productivity and Its Impacts on Global Trade, June 2-4, 2013. Seville, Spain 152269, International Agricultural Trade Research Consortium.
- Aoki, Shuhei, 2012.
"A simple accounting framework for the effect of resource misallocation on aggregate productivity,"
Journal of the Japanese and International Economies,
Elsevier, vol. 26(4), pages 473-494.
- Aoki, Shuhei, 2008. "A Simple Accounting Framework for the Effect of Resource Misallocation on Aggregate Productivity," MPRA Paper 11511, University Library of Munich, Germany.
- Barnett, William A. & Diewert, W. Erwin & Zellner, Arnold, 2009.
"Introduction To Measurement With Theory,"
Cambridge University Press, vol. 13(S2), pages 151-168, September.
- Barnett, William A. & Diewert, W. Erwin & Zellner, Arnold, 2009. "Introduction to Measurement with Theory," MPRA Paper 14868, University Library of Munich, Germany.
- William Barnett & W. Erwin Diewert & Arnold Zellner, 2009. "Introduction to Measurement with Theory," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 200906, University of Kansas, Department of Economics, revised Apr 2009.
- Almas Heshmati & Subal C. Kumbhakar, 2014.
"A general model of technical change with an application to the OECD countries,"
Economics of Innovation and New Technology,
Taylor & Francis Journals, vol. 23(1), pages 25-48, January.
- Heshmati, Almas & Kumbhakar, Subal C., 2011. "A General Model of Technical Change with an Application to the OECD Countries," IZA Discussion Papers 6004, Institute for the Study of Labor (IZA).
- Jorge Niosi & Petr Hanel & Susan Reid, 2012. "The international diffusion of biotechnology: the arrival of developing countries," Journal of Evolutionary Economics, Springer, vol. 22(4), pages 767-783, September.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Keith Waters).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.