Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/147237
Authors: 
Naveed, Amjad
Ahmad, Nisar
Year of Publication: 
2016
Citation: 
[Journal:] Journal of Economic Structures [ISSN:] 2193-2409 [Volume:] 5 [Year:] 2016 [Issue:] 19 [Pages:] 1-17
Abstract: 
Many structural changes have occurred in the European Union countries, for example, there have been changes in sectoral employment share, in the demand of goods due to technology, in trade patterns and in technology. These structural changes may affect the process of convergence. Most of the existing studies on convergence have ignored the role of structural change, which may have resulted in different conclusion. This study considers the role of structural change in testing labour productivity convergence and its speed at the country, region and industry levels simultaneously. The results show that conditional convergence exists at country, regional and industry levels. However, speed of convergence is different across different aggregation levels. Convergence speed at the regional levels is faster than at the country and industry levels. Furthermore, if we do not incorporate structural change, convergence speed may be over- or underestimated.
Subjects: 
Labour productivity
Convergence
Structural changes
Country
Regional and industry
JEL: 
C31
D24
O49
O52
R10
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/4.0/
Document Type: 
Article

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