EconPapers    
Economics at your fingertips  
 

Long-Run Convergence in Manufacturing and Innovation-Based Models

Jakob Madsen and Isfaaq Timol
Additional contact information
Isfaaq Timol: Monash University

The Review of Economics and Statistics, 2011, vol. 93, issue 4, 1155-1171

Abstract: Most studies of comparative productivities fail to find evidence of convergence in OECD manufacturing despite major economic growth theories predicting convergence. Using manufacturing data for nineteen OECD countries over the period from 1870 to 2006, this study finds strong evidence of unconditional β-convergence as well as σ-convergence. Panel data estimates suggest that the convergence has been driven by domestic R&D, international R&D spillovers, and financial development as predicted by Schumpeterian growth theories. © 2011 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.mitpressjournals.org/doi/pdf/10.1162/REST_a_00147 link to full text (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Long-Run Convergence in Manufacturing and Innovation-Based Models (2010) Downloads
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:tpr:restat:v:93:y:2011:i:4:p:1155-1171

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=0034-6535

Access Statistics for this article

The Review of Economics and Statistics is currently edited by Pierre Azoulay, Olivier Coibion, Will Dobbie, Raymond Fisman, Benjamin R. Handel, Brian A. Jacob, Kareen Rozen, Xiaoxia Shi, Tavneet Suri and Yi Xu

More articles in The Review of Economics and Statistics from MIT Press
Bibliographic data for series maintained by The MIT Press ().

 
Page updated 2025-03-20
Handle: RePEc:tpr:restat:v:93:y:2011:i:4:p:1155-1171