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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