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Convergence des productivités européennes : Transition, rupture et racine unitaire

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  • Stéphane Adjemian

Abstract

This paper aims to resolve the conflict between the time series approach and the classical approach to test the convergence hypothesis. Using a multivariate KPSS statistic and allowing for one common break, it appears that European productivity dynamics may be split into two sub-periods. During the first, productivity gaps are reducing. During the second, productivity gaps are zero mean processes. Moreover, productivity discrepancies are shown to be stationary over the entire period.

Suggested Citation

  • Stéphane Adjemian, 2003. "Convergence des productivités européennes : Transition, rupture et racine unitaire," Annals of Economics and Statistics, GENES, issue 69, pages 31-53.
    • Handle: RePEc:adr:anecst:y:2003:i:69:p:31-53
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    File URL: http://www.jstor.org/stable/20076362
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    Cited by:

    1. Serranito, Francisco, 2013. "Heterogeneous technology and the technological catching-up hypothesis: Theory and assessment in the case of MENA countries," Economic Modelling, Elsevier, vol. 30(C), pages 685-697.
    2. Denis Carré & Nadine Levratto & Messaoud Zouikri, 2010. "Analyse comparée de la productivité des firmes européennes à partir de données comptables: L'effet pays en cause," EconomiX Working Papers 2010-11, University of Paris Nanterre, EconomiX.

    More about this item

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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