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Titlebook: Convergence in Output and Its Sources Among Industrialised Countries; A Cross-Country Time Macarena Hernández Salmerón,Diego Romero-Ávila B

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发表于 2025-3-21 16:08:21 | 显示全部楼层 |阅读模式
书目名称Convergence in Output and Its Sources Among Industrialised Countries
副标题A Cross-Country Time
编辑Macarena Hernández Salmerón,Diego Romero-Ávila
视频videohttp://file.papertrans.cn/238/237745/237745.mp4
概述Includes supplementary material:
丛书名称SpringerBriefs in Economics
图书封面Titlebook: Convergence in Output and Its Sources Among Industrialised Countries; A Cross-Country Time Macarena Hernández Salmerón,Diego Romero-Ávila B
描述.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. Due to some limitations associated with second-generation panel unit root and stationarity tests, the authors further use the more flexible PANIC approach which provides evidence that real GDP per worker, real physical capital per worker, human capital and average annual hours exhibit some degree of deterministic convergence, whereas TFP series display a high degree of stochastic convergence. .
出版日期Book 2015
关键词Common Factor; Cross-Sectional Dependence; Output Convergence; PANIC Analysis; TFP Convergence; Time-Seri
版次1
doihttps://doi.org/10.1007/978-3-319-13635-6
isbn_softcover978-3-319-13634-9
isbn_ebook978-3-319-13635-6Series ISSN 2191-5504 Series E-ISSN 2191-5512
issn_series 2191-5504
copyrightThe Author(s) 2015
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发表于 2025-3-21 22:28:20 | 显示全部楼层
Ahmed K. Elmagarmid,Haitao Jiang,Magdy Ahmedle, version 8.0. As measures of real GDP, real physical capital and TFP, we employ the series based on national-accounts data. As for the measure of human capital, we employ the Psacharopoulos (1994) survey of wage equations evaluating the returns to education that transforms average years of schooling data into a human capital index.
发表于 2025-3-22 00:26:05 | 显示全部楼层
https://doi.org/10.1007/b102355 of our study compared to previous ones is that we investigate the existence of convergence patterns in the series of physical capital per worker, human capital, total factor productivity and average annual hours worked, which constitute the main sources of output.
发表于 2025-3-22 07:25:03 | 显示全部楼层
Variational Analysis and Applicationsming the panels of real GDP per worker, real physical capital per worker, human capital and average annual hours are characterized by the attainment of long-run convergence, in which countries achieve full convergence to their respective steady-state equilibrium value.
发表于 2025-3-22 09:15:56 | 显示全部楼层
发表于 2025-3-22 12:58:31 | 显示全部楼层
发表于 2025-3-22 19:19:46 | 显示全部楼层
Book 2015ible PANIC approach which provides evidence that real GDP per worker, real physical capital per worker, human capital and average annual hours exhibit some degree of deterministic convergence, whereas TFP series display a high degree of stochastic convergence. .
发表于 2025-3-22 22:24:27 | 显示全部楼层
Model Specification and Data,le, version 8.0. As measures of real GDP, real physical capital and TFP, we employ the series based on national-accounts data. As for the measure of human capital, we employ the Psacharopoulos (1994) survey of wage equations evaluating the returns to education that transforms average years of schooling data into a human capital index.
发表于 2025-3-23 05:27:29 | 显示全部楼层
https://doi.org/10.1007/b102355the panel unit root tests of Choi (2002) and Moon and Perron (2004), the panel unit root statistics of Chang (2002), Smith et al. (2004), Breitung and Das (2005) and Pesaran (2007) as well as the panel stationarity tests of Hadri (2000) and Harris et al. (2005) do not generally support the convergence hypothesis.
发表于 2025-3-23 07:04:14 | 显示全部楼层
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