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Convergence in output and its source...

Hernandez Salmeron, Macarena.

Convergence in output and its sources among industrialised countriesa cross-country time-series perspective /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Convergence in output and its sources among industrialised countriesby Macarena Hernandez Salmeron, Diego Romero-Avila.
Reminder of title:	a cross-country time-series perspective /
Author:	Hernandez Salmeron, Macarena.
other author:	Romero-Avila, Diego.
Published:	Cham :Springer International Publishing :2015.
Description:	ix, 74 p. :ill. (some col.), digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Convergence (Economics)
Online resource:	http://dx.doi.org/10.1007/978-3-319-13635-6
ISBN:	9783319136356 (electronic bk.)

Convergence in output and its sources among industrialised countriesa cross-country time-series perspective /
Hernandez Salmeron, Macarena.

Convergence in output and its sources among industrialised countriesa cross-country time-series perspective /[electronic resource] :by Macarena Hernandez Salmeron, Diego Romero-Avila. - Cham :Springer International Publishing :2015. - ix, 74 p. :ill. (some col.), digital ;24 cm. - SpringerBriefs in economics,2191-5504. - SpringerBriefs in economics..

Introduction -- Model Specification and Data -- Econometric Methods -- Empirical Results -- PANIC Approach -- PANIC Results -- Concluding Remarks.

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.

ISBN: 9783319136356 (electronic bk.)

Standard No.: 10.1007/978-3-319-13635-6doiSubjects--Topical Terms:

245742
Convergence (Economics)

LC Class. No.: HB3722

Dewey Class. No.: 338.9

Convergence in output and its sources among industrialised countriesa cross-country time-series perspective /
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