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Convergence in output and its sources among industrialised countries [electronic resource] : a cross-country time-series perspective / Macarena Hernández Salmerón, Diego Romero-Ávila.

9783319136356 electronic book
3319136356 electronic book
9783319136349

Cham : Springer, 2015.

English

1 online resource (ix, 74 pages) : illustrations (some color).

10.1007/978-3-319-13635-6 doi

HB3722

338.9

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.

Includes bibliographical references.

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Online resource; title from PDF title page (SpringerLink, viewed January 12, 2015).

SpringerBriefs in economics.

Print version: 9783319136349

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