Is the convergence of the manufacturing sector unconditional?

Juliano Assunção, Priscilla Burity and Marcelo Medeiros ()
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Juliano Assunção: Department of Economics, Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, RJ, Brazil
Priscilla Burity: Department of Economics, Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, RJ, Brazi

Economia, 2015, vol. 16, issue 3, 273_294

Abstract: In Unconditional Convergence, Rodrik (2011b) documented that manufacturing industries exhibit unconditional convergence in labor productivity. We provide a novel semi-parametric specification for convergence equations and show that the speed of convergence varies systematically with country-specific characteristics. We consider the flexible smooth transition model with multiple transition variables, which allows each group to have distinct dynamics controlled by a linear combination of known variables. We found evidence that the laws of motion for industry productivity growth are different across countries, varying with political institutions. The speed of convergence also has a non-monotonic relationship with trade openness and education.

Keywords: Unconditional convergence; Semiparametric models; Productivity growth (search for similar items in EconPapers)
JEL-codes: Q43 Q47 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (2)

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