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A Bayesian Analysis of Total Factor Productivity Persistence

Author

Listed:
  • Tapas Mishra
  • Claude Diebolt
  • Mamata Parhi
  • Asit Ranjan Mohanty

Abstract

This paper endeavors to study Spanish protectionism on the Italian mirror. On the assumption that the literature presents both European peripheral countries at a similar stage of development and commercial policy replies to late 19th century economic globalization. Italian tariff policy was much more moderate and influenced by fiscal duties than the Spanish one that enjoined a very high tariffs on the manufacture sector. This paper present by first time a unified data base of effective protection and revealed comparative advantage for both countries and develop a new test based on the infant industry argument. Conclusions emphasize the existence of significant different tariff policies in Spain and Italy between 1870-1930 as a relevant variable in the configuration their respective export manufacture competitiveness and specialization in the long run.

Suggested Citation

  • Tapas Mishra & Claude Diebolt & Mamata Parhi & Asit Ranjan Mohanty, 2010. "A Bayesian Analysis of Total Factor Productivity Persistence," Historical Social Research (Section 'Cliometrics'), Association Française de Cliométrie (AFC), vol. 35(1), pages 363-372.
    • Handle: RePEc:afc:histor:v:35:y:2010:i:1:p:363-372
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    JEL classification:

    • C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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