Technological catching-up and structural convergence among US industries

Jean-Philippe Boussemart, Hervé Leleu, Edward Mensah and Karina Shitikova

Economic Modelling, 2020, vol. 84, issue C, 135-146

Abstract: Using a non-parametric programming framework, we analyze technological catching-up and structural convergence among 63 North American industries over the period 1987–2016. These two convergence processes can be estimated by efficiency gaps decomposed into two components: a technical efficiency effect taking into account industry size heterogeneity and a structural component which highlights the impacts of an input-output deepening or expanding effect over time. Secondly, a panel data analysis is performed to link input and output price evolutions with changes in technological catching-up and structural convergence. Results clearly show that convergence is observed for both technical and structural components. The impact of these convergence processes on the US economy is estimated at around 0.56 percentage points of additional growth and could be related to the liberalization of international trade and the increase of import competition. Moreover, these two convergence processes have positive influence on final demand prices and profitability but negative impact on suppliers' prices while no effect can be established on employees' wages or capital providers' remunerations.

Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0264999318318479
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Technological catching-up and structural convergence among US industries (2020)
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:eee:ecmode:v:84:y:2020:i:c:p:135-146

DOI: 10.1016/j.econmod.2019.03.014

Access Statistics for this article

Economic Modelling is currently edited by S. Hall and P. Pauly

More articles in Economic Modelling from Elsevier
Bibliographic data for series maintained by Catherine Liu ().