Long-Run Convergence in Manufacturing and Innovation-Based Models
AbstractMost studies of comparative productivities fail to find evidence of convergence in OECD manufacturing despite major economic growth theories predicting convergence. Using manufacturing data for 19 OECD countries over the period from 1870 to 2006 this study finds strong evidence of unconditional B-convergence as well as o-convergence. Panel data estimates suggest that the convergence has been driven by domestic R&D, international R&D spillovers and financial development as predicted by Schumpeterian growth theories
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 InfoPaper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 09-10.
Length: 34 pages
Date of creation: May 2010
Date of revision:
Contact details of provider:
Postal: Department of Economics, Monash University, Victoria 3800, Australia
Web page: http://www.buseco.monash.edu.au/eco/
More information through EDIRC
Other versions of this item:
- Jakob B. Madsen & Isfaaq Timol, 2011. "Long-Run Convergence in Manufacturing and Innovation-Based Models," The Review of Economics and Statistics, MIT Press, vol. 93(4), pages 1155-1171, November.
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-09-18 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ben-David, Dan, 1993. "Equalizing Exchange: Trade Liberalization and Income Convergence," The Quarterly Journal of Economics, MIT Press, vol. 108(3), pages 653-79, August.
- Jakob B. Madsen, 2009.
"Trade Barriers, Openness, and Economic Growth,"
Southern Economic Journal,
Southern Economic Association, vol. 76(2), pages 397-418, October.
- Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006.
"How Important are Capital and Total Factor Productivity for Economic Growth?,"
Western Economic Association International, vol. 44(1), pages 23-49, January.
- Scott L. Baier & Gerald P. Dwyer, Jr. & Robert Tamura, 2002. "How important are capital and total factor productivity for economic growth?," Working Paper 2002-2, Federal Reserve Bank of Atlanta.
- Jakob Madsen, 2008.
"Semi-endogenous versus Schumpeterian growth models: testing the knowledge production function using international data,"
Journal of Economic Growth,
Springer, vol. 13(1), pages 1-26, March.
- Jakob B. Madsen & EPRU & FRU, 2007. "Semi-Endogenous Versus Schumpeterian Growth Models: Testing The Knowledge Production Function Using International Data," Development Research Unit Working Paper Series 26-07, Monash University, Department of Economics.
- Adriana Di Liberto & Francesco Pigliaru & Roberto Mura, 2008.
"How to measure the unobservable: a panel technique for the analysis of TFP convergence,"
Oxford Economic Papers,
Oxford University Press, vol. 60(2), pages 343-368, April.
- A. Di Liberto & F. Pigliaru & R. Mura, 2004. "How to measure the unobservable: a panel technique for the analysis of TFP convergence," Working Paper CRENoS 200405, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
- Adriana Di Liberto & Roberto Mura & Francesco Pigliaru, 2005. "How to Measure the Unobservable: A Panel Technique for the Analysis of TFP Convergence," Working Papers 2005.16, Fondazione Eni Enrico Mattei.
- Peretto, Pietro F., 1997.
"Industrial Development, Technological Change, and Long-RunGrowth,"
97-10, Duke University, Department of Economics.
- Peretto, Pietro F., 1999. "Industrial development, technological change, and long-run growth," Journal of Development Economics, Elsevier, vol. 59(2), pages 389-417, August.
- "Jakob B." "Madsen", 2008. "Economic Growth, TFP Convergence and the World Export of Ideas: A Century of Evidence," Scandinavian Journal of Economics, Wiley Blackwell, vol. 110(1), pages 145-167, 03.
- Simone Valente & Nujin Suphaphiphat & Pietro F. Peretto, 2013.
"Endogenous Growth and Property Rights Over Renewable Resources,"
Working Paper Series
14413, Department of Economics, Norwegian University of Science and Technology.
- Nujin Suphaphiphat & Pietro F. Peretto & Simone Valente, 2013. "Endogenous Growth and Property Rights over Renewable Resources," Working Papers 13-11, Duke University, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Simon Angus).
If references are entirely missing, you can add them using this form.