Sectoral Energy- and Labour-Productivity Convergence



Table 3 Unspecified conditional β-convergence

Energy

β E

R2

Implied λ

Labour

β L

R2

Implied λ

Total

- 0.2214***

(0.0691)

0.19

0.0501

- 0.1068***

(0.0262)

0.58

0.0226

Agriculture

- 0.4797***

(0.0888)

0.49

0.1307

- 0.0831*

(0.0431)

0.22

0.0174

Services

- 0.2181**

(0.1169)

0.44

0.0492

- 0.1783***

(0.0422)

0.80

0.0393

Transport

- 0.6301***

(0.1593)

0.42

0.1989

- 0.1040

(0.1115)

0.16

0.0220

Manufacturing

- 0.6162***

(0.0680)

0.67

0.1915

- 0.0553

(0.0382)

0.16

0.0114

Chemicals

- 0.2620***

(0.0836)

0.33

0.0608

- 0.0929*

(0.0484)

0.29

0.0195

Food and Tobacco

- 0.5180***

(0.1292)

0.36

0.1460

- 0.1879***

(0.0542)

0.49

0.0416

Iron and Steel

- 0.3889***

(0.1113)

0.32

0.0985

- 0.0642

(0.1055)

0.11

0.0133

Machinery

- 0.2305*

(0.1365)

0.31

0.0524

- 0.0549

(0.0499)

0.45

0.0113

Transport Equipment

- 0.9504***

(0.1127)

0.68

0.6008

- 0.3104**

(0.1253)

0.23

0.0743

Non-Ferrous Metals

- 0.5924***

(0.1426)

0.38

0.1795

- 0.0439

(0.0932)

0.10

0.0090

Non-Metallic Minerals

- 0.5087***

(0.0980)

0.55

0.1421

- 0.2089***

(0.0635)

0.39

0.0469

Paper, Pulp and Printing

- 0.6513***

(0.1033)

0.60

0.2107

- 0.1053

(0.0783)

0.24

0.0223

Textiles and Leather

- 0.8612***

(0.1285)

0.60

0.3949

- 0.2330***

(0.0545)

0.33

0.0531

Wood and Wood Products

- 1.0637***

(0.1941

0.60

--

- 0.2298***

(0.0650)

0.47

0.0522

Standard errors in parentheses. Asterisks denote levels of significance: *** (1%), ** (5%), * (10%).

29



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