Convergence in output and its sources among industrialised countries a cross-country time-series perspective / [electronic resource] :

• 作者： Hernandez Salmeron, Macarena.
• 其他作者：
  • Romero-Avila, Diego.
  • SpringerLink (Online service)
• 其他題名：
  • SpringerBriefs in economics
• 出版： Cham : Springer International Publishing :Imprint: Springer
• 叢書名： SpringerBriefs in economics
• 主題： Convergence (Economics) , Economics/Management Science. , Macroeconomics/Monetary Economics. , Econometrics , Labor economics
• ISBN： 9783319136356 (electronic bk.) 、 9783319136349 (paper)
• FIND@SFXID: CGU
• 資料類型: 電子書
• 內容註: Introduction -- Model Specification and Data -- Econometric Methods -- Empirical Results -- PANIC Approach -- PANIC Results -- Concluding Remarks.
• More
• 摘要註: This book investigates the existence of stochastic and deterministic convergence of real output per worker and the sources of output (physical capital per worker, human capital per worker, total factor productivity TFP and average annual hours worked) in 21 OECD countries over the period 1970-2011. Towards this end, the authors apply a large battery of panel unit root and stationarity tests, all of which are robust to the presence of cross-sectional dependence. The evidence fails to provide clear-cut evidence of convergence dynamics either in real GDP per worker or in the series of the sources of output.
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