Productivity and Convergence across U.S. States and Industries
نویسندگان
چکیده
We examine the sources of aggregate labor productivity movements and convergence in the U.S. states from 1963 to 1989. Productivity levels vary widely across sectors and across states, as do sectoral output and employment shares. The main finding is the diverse performance of sectors regarding convergence. Using both cross-section and time series methods, we find convergence in labor productivity for both manufacturing and mining. However, we find that convergence does not hold for all sectors over the period. Decomposing aggregate convergence into industry productivity gains and changing sectoral shares of output, we find the manufacturing sector to be responsible for the bulk of cross-state convergence.
منابع مشابه
The correlation of productivity growth across regions and industries in the United States
This paper shows that productivity growth is more strongly correlated across U.S. regions than across the G7 countries. Cross-region correlations of productivity growth within a given industry are typically stronger than cross-sector correlations of productivity growth within the same region.
متن کاملThe Effects of China's Growth in Manufacturing Sector in the U.S. Economy
T his paper investigates the gain of bilateral trade between China and U.S. in manufacturing sectors when both countries play a role in asymmetric (biased) growth of international trade. Our model includes a special case of Biased Growth Theory in international trade. We collected labor productivity, export and import data by using classification of manufacturing industries, for U.S...
متن کاملProductivity Convergence in OECD Manufacturing Industries
The extent of band s-convergence of average labor productivity across manufacturing industries in 18 OECD countries over the period 1972–1992 shows large inter-industry differences. One reason for these differences is knowledge and capital barriers preventing the occurrence of catch-up. We find the level of average labor productivity, as a proxy for these barriers, is correlated with the extent...
متن کاملبررسی همگرایی بهرهوری و توسعه مالی در صنایع کارخانهای ایران ( رهیافت همگرایی سیگما)
سیاستگذاری برای گسترش صنایع کارخانهای، یکی از مهمترین ارکان سیاستگذاریهای توسعه صنعتی کشور محسوب میشود؛ چراکه کشور در راستای توسعه صنعتی و افزایش بهرهوری، به توسعه مالی و در نتیجه رشد اقتصادی خواهد رسید. به عبارت دیگر شاخصهای توسعه مالی بر شاخصهای بهرهوری و تجمیع سرمایه اثر میگذارد و نتیجه رشد اقتصادی را متاثر میسازد. در این میان سوال اساسی چگونگی تحقق بهرهوری در صنایع گوناگون است ...
متن کاملOn the Dynamics of the U.S. Manufacturing Productivity Distribution
In this paper a formal model of the productivity dynamics of manufacturing industries is developed with key features being the absence of optimal decisions and equilibrium coordination, heterogeneity of industries with respect to their innovative ability and cumulativeness of innovations together with the working of spillover effects. From that model the law of motion of the productivity distri...
متن کامل