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Going clubbing in the eighties: convergence in manufacturing sectors at a glance

Dal Bianco, Silvia; (2016) Going clubbing in the eighties: convergence in manufacturing sectors at a glance. Empirical Economics , 50 (2) pp. 623-659. 10.1007/s00181-015-0940-0. Green open access

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Abstract

This paper employs the distribution dynamics framework for assessing labour productivity convergence, in the period 1980–1995, among 28 developed and developing countries, in different manufacturing compartments, identified as according to their research and development intensity. Three competing hypotheses are considered: absolute, conditional and club convergence. The key result of the analysis is twofold. First, consistently with very recent evidence, absolute convergence is found in manufacturing as a whole. Second, convergence tendencies are sector specific. In particular, club convergence characterizes traditional and medium- technology compartments, while the absolute one qualifies high-tech productions. Overall, these findings support the view that cross-country labour productivity convergence might be hindered by the sub-optimal structural reallocation from nonconvergence to convergence activities. Moreover, as the clustering dynamics in traditional and medium-tech sectors is related either to physical capital stock or technological development, laggard economies should purse ad hoc catching-up strategies. Finally, the result of high tech provides supportive evidence for the theory of dynamic comparative advantages. Thus, it seems desirable that emerging countries enter into technology-intense markets and that they develop the necessary capabilities for exploiting such endogenous advantages.

Type: Article
Title: Going clubbing in the eighties: convergence in manufacturing sectors at a glance
Open access status: An open access version is available from UCL Discovery
DOI: 10.1007/s00181-015-0940-0
Publisher version: https://doi.org/10.1007/s00181-015-0940-0
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Italian Regions; Neoclassical and Technological Convergence; Distribution Dynamics.
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics
URI: https://discovery.ucl.ac.uk/id/eprint/10160629
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