Sectoral productivity trends: convergence islands in oceans of non-convergence
Journal of Evolutionary Economics(2014)
摘要
Growth theory argues that thresholds can lead to multiple growth regimes, which are reflected in heterogeneous patterns of cross-country convergence and divergence. We study sectoral convergence patterns by using a new longitudinal sectoral database for 65 developed and developing countries. We employ an econometric method, quantile smoothing splines , which explicitly allows for identification of parameter heterogeneity both with regard to initial conditions ( X-heterogeneity ) and growth performances ( Y-heterogeneity ). Findings suggest that convergence is rather the exception than the rule.
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关键词
Sectoral productivity,Cross-country convergence,Parameter heterogeneity,Quantile smoothing splines
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