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Title:Comovement and catch-up in productivity across sectors: Evidence from the OECD PDF Logo
Authors:Cornwell, Christopher Mark
Wächter, Jens-Uwe
Issue Date:1999
Series/Report no.:ZEI working paper B 07-1999
Abstract:A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontierountry{level inecienciesxhibit 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 eciency 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 frontierountry{level inecienciesxhibit 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 eciency 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.
Subjects:cointegration
convergence
economic growth
efficiency
productivity
technological diffusion
unit root
JEL:C2
O47
O57
Document Type:Working Paper
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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