Unconditional Convergence

41 Pages Posted: 29 Oct 2011 Last revised: 1 Nov 2011

See all articles by Dani Rodrik

Dani Rodrik

Harvard University - Harvard Kennedy School (HKS); Centre for Economic Policy Research (CEPR); National Bureau of Economic Research (NBER)

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Date Written: October 2011

Abstract

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.

Suggested Citation

Rodrik, Dani, Unconditional Convergence (October 2011). NBER Working Paper No. w17546. Available at SSRN: https://ssrn.com/abstract=1950964

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