TY  - JOUR
AU  - Rodrik,Dani
TI  - Unconditional Convergence
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 17546
PY  - 2011
Y2  - October 2011
UR  - http://www.nber.org/papers/w17546
L1  - http://www.nber.org/papers/w17546.pdf
N1  - Author contact info:
Dani Rodrik
John F. Kennedy School of Government
Harvard University
79 JFK Street
Cambridge, MA 02138
Tel: 617/495-9454
Fax: 617/496-5747
E-Mail: dani_rodrik@harvard.edu
AB  - Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity.  The paper documents this finding for 4-digit manufacturing sectors for a large group of developed and developing countries over the period since 1990.  The coefficient of unconditional convergence is estimated quite precisely and is large, at 3.0-5.6 percent per year depending on the estimation horizon.  The result is robust to a large number of specification tests, and statistically highly significant. Because of data coverage, these findings should be as viewed as applying to the organized, formal parts of manufacturing.
ER  -