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ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn >
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http://hdl.handle.net/10419/39614
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| Title: | | Comovement and catch-up in productivity across sectors: Evidence from the OECD  |
| 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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