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Does Labour Productivity Flow Across Industries?: Estimation Robust to Panel Heterogeneity and Cross Sectional Correlation

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  • Dr Michela Vecchi

Abstract

We consider labour productivity convergence between the US and the UK and France, using industry level data. We find evidence of panel heterogeneity, cross sectional correlation and weak evidence of productivity convergence at the industry level.

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  • Dr Michela Vecchi, 2005. "Does Labour Productivity Flow Across Industries?: Estimation Robust to Panel Heterogeneity and Cross Sectional Correlation," National Institute of Economic and Social Research (NIESR) Discussion Papers 256, National Institute of Economic and Social Research.
    • Handle: RePEc:nsr:niesrd:256
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    1. Jushan Bai & Serena Ng, 2002. "Determining the Number of Factors in Approximate Factor Models," Econometrica, Econometric Society, vol. 70(1), pages 191-221, January.
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    3. Funk, Mark & Strauss, Jack, 2003. "Panel tests of stochastic convergence: TFP transmission within manufacturing industries," Economics Letters, Elsevier, vol. 78(3), pages 365-371, March.
    4. Hsiao, C. & Pesaran, M.H., 2004. "‘Random Coefficient Panel Data Models’," Cambridge Working Papers in Economics 0434, Faculty of Economics, University of Cambridge.
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    7. M. Hashem Pesaran, 2006. "Estimation and Inference in Large Heterogeneous Panels with a Multifactor Error Structure," Econometrica, Econometric Society, vol. 74(4), pages 967-1012, July.
    8. Peter C. B. Phillips & Hyungsik R. Moon, 1999. "Linear Regression Limit Theory for Nonstationary Panel Data," Econometrica, Econometric Society, vol. 67(5), pages 1057-1112, September.
    9. Evans, Paul & Karras, Georgios, 1996. "Convergence revisited," Journal of Monetary Economics, Elsevier, vol. 37(2-3), pages 249-265, April.
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    14. Phillips, Peter & Sul, Donggyu, 2003. "The Elusive Empirical Shadow of Growth Convergence," Working Papers 197, Department of Economics, The University of Auckland.
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    Cited by:

    1. Lili Kang & Fei Peng, 2018. "Economic Reform and Productivity Convergence in China," Arthaniti: Journal of Economic Theory and Practice, , vol. 17(1), pages 50-82, June.

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