Sectoral Decomposition of Convergence in Labor Productivity
Author | : Alistair Dieppe |
Publisher | : |
Total Pages | : 30 |
Release | : |
ISBN-10 | : OCLC:1289176469 |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Download or read book Sectoral Decomposition of Convergence in Labor Productivity written by Alistair Dieppe and published by . This book was released on with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to aggregate beta convergence, using a newly constructed eight-sector database. The main findings are twofold. First, both within and sectoral reallocation have become important drivers of aggregate convergence in labor productivity. Second, agricultural productivity growth has been a significant contributor to aggregate convergence, whereas catch-up in other sectors has only contributed a small amount to convergence. The strong growth of the agriculture sector has been the most important driver of aggregate productivity convergence even though agricultural productivity itself in low-income countries is weakly converging to that in advanced economies.