Convergence in Output and Its Sources Among Industrialised Countries A Cross-Country Time-Series Perspective

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Convergence in Output and Its Sources Among Industrialised Countries A Cross-Country Time-Series Perspective

Macarena Hernández Salmerón - Personal Name;

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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Series Title: -
Call Number: 370
Publisher: Cham : Springer., 2015
Collation: ix, 74 pages
Language: English
ISBN/ISSN: 9783319136356
Classification: 370
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Carrier Type: online resource
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Subject(s): BUSINESS & ECONOMICS Industries General
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Cataloger: Kurnadi
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Convergence in Output and Its Sources Among Industrialised Countries

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