Model Specification and Data

Macarena Hernández-Salmerón () and Diego Romero-Ávila ()
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Macarena Hernández-Salmerón: Regional Government of Andalusia
Diego Romero-Ávila: Pablo de Olavide University

Chapter Chapter 2 in Convergence in Output and Its Sources Among Industrialised Countries, 2015, pp 9-14 from Springer

Abstract: Abstract This chapter outlines the empirical framework and the main variables involved in the analysis of stochastic and deterministic convergence. It then describes the data source used and the exact data series employed to measure real output per worker, real physical capital per worker, human capital, total factor productivity (TFP) and average annual hours worked. As regards the data source, we employ the newest version of the so-called Penn World Table, version 8.0. As measures of real GDP, real physical capital and TFP, we employ the series based on national-accounts data. As for the measure of human capital, we employ the Psacharopoulos (1994) survey of wage equations evaluating the returns to education that transforms average years of schooling data into a human capital index.

Keywords: Real GDP per worker; Real physical capital per worker; Human capital; Total factor productivity; Annual hours worked; Penn world table 8.0 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-13635-6_2

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DOI: 10.1007/978-3-319-13635-6_2

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