Convergence in output and its sources among industrialised countries [electronic resource] : a cross-country time-series perspective / Macarena Hernández Salmerón, Diego Romero-Ávila.
Salmerón, Macarena Hernández, author.; Romero-Ávila, Diego, author.
2015
HB3722
Available Online

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Title Convergence in output and its sources among industrialised countries [electronic resource] : a cross-country time-series perspective / Macarena Hernández Salmerón, Diego Romero-Ávila.
Author Salmerón, Macarena Hernández, author.
ISBN 9783319136356 electronic book
3319136356 electronic book
9783319136349
DOI https://doi.org/10.1007/978-3-319-13635-6
Published Cham : Springer, 2015.
Language English
Description 1 online resource (ix, 74 pages) : illustrations (some color).
Item Number 10.1007/978-3-319-13635-6 doi
Call Number HB3722
Dewey Decimal Classification 338.9
Summary 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.
Bibliography, etc. Note Includes bibliographical references.
Access Note Access limited to authorized users.
Source of Description Online resource; title from PDF title page (SpringerLink, viewed January 12, 2015).
Added Author Romero-Ávila, Diego, author.
Series SpringerBriefs in economics.
Available in Other Form Print version: 9783319136349
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Introduction
Model Specification and Data
Econometric Methods
Empirical Results
PANIC Approach
PANIC Results
Concluding Remarks.

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