Long-Run Convergence in Manufacturing and Innovation-Based Models
Most 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
|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
|Order Information:|| Web: http://www.buseco.monash.edu.au/eco/research/papers/ Email: |
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.:
- 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., 1999.
"Industrial development, technological change, and long-run growth,"
Journal of Development Economics,
Elsevier, vol. 59(2), pages 389-417, August.
- Peretto, Pietro F., 1997. "Industrial Development, Technological Change, and Long-RunGrowth," Working Papers 97-10, Duke University, Department of Economics.
- Jakob B. Madsen & EPRU & FRU, 2007.
"Semi-Endogenous Versus Schumpeterian Growth Models: Testing The Knowledge Production Function Using International Data,"
Monash Economics Working Papers
26-07, Monash University, Department of Economics.
- 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, 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, 2002.
"How important are capital and total factor productivity for economic growth?,"
FRB Atlanta Working Paper
2002-2, Federal Reserve Bank of Atlanta.
- Scott L. Baier & Gerald P. Dwyer & Robert Tamura, 2006. "How Important are Capital and Total Factor Productivity for Economic Growth?," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 23-49, January.
- "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.
- Dan Ben-David, 1993. "Equalizing Exchange: Trade Liberalization and Income Convergence," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 653-679.
When requesting a correction, please mention this item's handle: RePEc:mos:moswps:2010-09. See general information about how to correct material in RePEc.
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.