Convergence during the Oil Crisis: A Comparison of Labour Productivity in Manufacturing of the Planned and Market Economies

Artem Kochnev

No 257, wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw

Abstract: This paper examines labour productivity convergence in manufacturing of the planned and market economies in the setting of the oil price shocks of the 1970s. Using the wiiw COMECON Dataset and the KLEMS dataset, the paper constructs a single-digit industry-level productivity metric for selected industries and applies a difference-in-difference estimator to estimate the impact of the oil price shocks on convergence in productivity levels across industries between 1970 and 1985. Although the paper does not find an impact of the oil price shocks on convergence of the command economies, it does detect an accelerating impact on the convergence process of the market economies. wiiw COMECON Dataset https //comecon.wiiw.ac.at/

Keywords: Labor Productivity; Convergence; Planned Economies; Oil price shocks; Manufacturing; Productivity; Competitiveness; Difference-in-Difference; COMECON Dataset; KLEMS Dataset; Structural change (search for similar items in EconPapers)
JEL-codes: L60 N64 O47 P23 Q43 (search for similar items in EconPapers)
Pages: 26 pages including 4 Tables and 6 Figure
Date: 2024-11
New Economics Papers: this item is included in nep-eff, nep-ene and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as wiiw Working Paper

Downloads: (external link)
https://wiiw.ac.at/convergence-during-the-oil-cris ... onomies-dlp-7079.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wii:wpaper:257

Ordering information: This working paper can be ordered from
https://wiiw.ac.at

Access Statistics for this paper

More papers in wiiw Working Papers from The Vienna Institute for International Economic Studies, wiiw Contact information at EDIRC.
Bibliographic data for series maintained by Customer service ().