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Title: Unconditional Convergence

Author(s): Dani Rodrik

Publication Date: November 2011

Keyword(s): convergence and growth

Programme Area(s): Development Economics, International Macroeconomics and International Trade and Regional Economics

Abstract: 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.

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Bibliographic Reference

Rodrik, D. 2011. 'Unconditional Convergence'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=8631