How to Measure the Unobservable : A Panel Technique for the Analysis of TFP Convergence

This paper proposes a fixed-effect panel methodology that enables us to simultaneously take into account both TFP convergence and the traditional neoclassical-type of convergence. We analyse a sample of Italian regions between 1963 and 1993 and find strong evidence that both mechanisms were at work during the process of aggregate regional convergence observed in Italy up to the mid-seventies. Finally, we find that our TFP estimates are highly positively correlated with standard human capital measures, where the latter is not statistically significant in growth regressions. This evidence confirms one of the hypotheses of the Nelson and Phelps approach, namely that human capital is the main determinant of technological catch-up. Our results are robust to the use of different estimation procedures such as simple LSDV, Kiviet-corrected LSDV, and GMM agrave; la Arellano and Bond

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Year of publication:	[2010]
Authors:	Di Liberto, Adriana
Other Persons:	Pigliaru, Francesco (contributor) ; Mura, Roberto (contributor)
Publisher:	[2010]: [S.l.] : SSRN
Subject:	Panel \| Panel study \| Produktivität \| Productivity \| Messung \| Measurement \| Wirtschaftliche Konvergenz \| Economic convergence \| Italien \| Italy
Description of contents:	Abstract [papers.ssrn.com]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Oxford Economic Papers, Vol. 60, Issue 2, pp. 343-368, 2008 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments April 2008 erstellt Volltext nicht verfügbar
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; O18 - Regional, Urban, and Rural Analyses ; C23 - Models with Panel Data
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012759168