Sectoral Energy- and Labour-Productivity Convergence



Table 5 Specified conditional β-convergence labour productivity

β

Wage

Investment

Open

Balassa

Value

R 2

F-stat

Implied λ

share

added

share

Agriculture

- 0.1050**

0.0315

- 0.6869**

0.2704

0.24

2.48

0.0222

(0.0456)

(0.4028)

(0.3014)

(0.8205)

Services

0.0450

0.0032

0.1665

- 0.6100***

0.70

8.07

- 0.0088

(0.0616)

(0.0028)

(0.1467)

(0.2173)

Transport

- 0.1778

0.0805

0.1422

0.9614

0.19

1.26

0.0392

(0.1123)

(0.1180)

(0.3348)

(1.8576)

Chemicals

- 0.1037

0.1050

- 0.1674

- 0.0111

0.0978

- 2.8729

0.20

1.21

0.0219

(0.076)

(0.2568)

(0.3365)

(0.0196)

(0.0951)

(4.5006)

Food

- 0.2054**

0.2028

- 0.3856

0.0167

- 0.0003

- 0.8228

0.33

2.22

0.0460

(0.0822)

(0.1436)

(0.5348)

(0.0258)

(0.0212)

(2.5040)

Iron and Steel

- 0.1224

- 0.2134

- 0.6313**

0.0074

0.0554

- 4.4848

0.34

2.44

0.0261

(0.0748)

(0.5454)

(0.2447)

(0.0113)

(0.1089)

(7.5135)

Machinery

- 0.0360

0.0227

- 2.9856

0.0183

- 0.1914

- 0.3505

- 0.14

0.53

0.0073

(0.1253)

(0.1023)

(1.8858)

(0.0328)

(0.2035)

(1.2179)

Transport Equipment

0.3188

- 0.8364

- 1.3317*

- 0.0106

0.5252

- 8.1424

0.51

1.20

- 0.0553

(0.3182)

(0.6482)

(0.7010)

(0.0188)

(0.3654)

(6.8885)

Non-Ferrous Metals

- 0.0531

- 0.5926

- 0.0312

0.0085

- 0.0279

21.6064

0.10

0.52

0.0109

(0.0672)

(1.2052)

(0.1540)

(0.0114)

(0.0575)

(25.3957)

Non-Metallic Minerals

- 0.1192

0.0392

- 0.6816

0.0169

- 0.0028

5.3651

0.12

0.61

0.0254

(0.1140)

(0.5893)

(0.5820)

(0.0629)

(0.0968)

(10.2905)

Paper

- 0.0946

0.0711

- 0.7480

0.0504

0.0047

3.1122

0.37

2.63

0.0199

(0.1009)

(0.1254)

(0.4340)

(0.0378)

(0.0208)

(2.9214)

Textiles

- 0.2539***

0.0173

0.3843

- 0.0194

- 0.0088

- 4.8024

0.46

3.88

0.0586

(0.0755)

(0.2092)

(1.1500)

(0.0158)

(0.078)

(6.2200)

Wood

- 0.1102

- 0.2230

- 0.8868**

- 0.0175

- 0.0030

8.9504

0.30

1.65

0.0234

(0.1214)

(0.7199)

(0.4077)

(0.0321)

(0.0155)

(6.0659)

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

31



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