Comovement and catch-up in productivity across sectors: Evidence from the OECD

Christopher Cornwell and Jens-Uwe Wächter

No B 07-1999, ZEI Working Papers from University of Bonn, ZEI - Center for European Integration Studies

Abstract: A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier|country{level inefficiencies|exhibit long{run relationships and convergence. The method is applied to 1-digit industries of 14 OECD countries from 1970{90. Results suggests that comovements in efficiency are concentrated between the EU{countries. Catch{up is found in all but one sector. Even manufacturing, which previous studies have found not to display convergence, shows signs of catch-up. It is examined whether departures from the frontier|country{level inefficiencies|exhibit long{run relationships and convergence. The method is applied to 1-digit industries of 14 OECD countries from 1970{90. Results suggests that comovements in efficiency are concentrated between the EU{countries. Catch{up is found in all but one sector. Even manufacturing, which previous studies have found not to display convergence, shows signs of catch{up.

Keywords: cointegration; convergence; economic growth; efficiency; productivity; technological diffusion; unit root (search for similar items in EconPapers)
JEL-codes: C2 O47 O57 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:zeiwps:b071999

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