Sectoral Energy- and Labour-Productivity Convergence



Table 6 Conditional β-convergence energy productivity, specified, fixed effects

β

Energy
Price

Investment

share

Open

Balassa

Value

added share

R 2

F-stat

Implied λ

Agriculture

- 0.8615***

1.3546

0.2182

12.3662

0.64

9.54

0.3954

(0.1965)

(1.1801)

(1.1274)

(7.6932)

Services

- 0.8039***

1.1183*

- 0.5308

7.1791**

0.81

9.88

0.3258

(0.238)

(0.6375

(0.7828)

(3.2129)

Transport

- 0.5122*

0.0540

- 0.0171

16.8394

0.80

15.84

0.1436

(0.2604)

(0.1633)

(0.3651)

(4.3809)

Chemicals

- 0.7638***

0.7270

1.7622

0.0023

- 0.4818

76.7954***

0.88

19.29

0.2886

(0.1475)

(0.4416)

(1.0992)

(0.0323)

(0.3812)

(13.9899)

Food

- 0.0403

1.0346

- 0.5494

- 0.2596**

- 0.5764

- 0.7585

0.63

4.13

0.0082

(0.3799)

(0.7692)

(1.0185)

(0.1147)

(0.394)

(10.9498)

Iron and Steel

- 0.8670***

3.8639***

- 1.3162**

0.0052

0.9330***

- 5.4317

0.85

14.58

0.4035

(0.1679)

(1.2861)

(0.6329)

(0.031)

(0.2287)

(18.3749)

Machinery

- 0.5964**

- 0.3718

3.8541

0.1009

0.6565

3.7735

0.66

4.62

0.1815

(0.2732)

(1.1718)

(3.208)

(0.0971)

(0.8200)

(5.8699)

Transport Equipment

- 1.1444***

-1.6712***

3.4196**

0.2016***

0.2657

57.3976**

0.84

8.30

---

(0.2930)

(0.5916)

(1.4195)

(0.0718)

(0.5175)

(26.7348)

Non-Ferrous Metals

- 0.0262

0.5837

0.0350

- 0.0494

0.0833

132.9891

0.56

2.76

0.0053

(0.2872)

(1.1114)

(0.429)

(0.0552)

(0.2178)

(80.1969)

Non-Metallic Minerals

- 0.9527***

0.2167

1.3573

0.0321

- 0.1779

- 17.6544

0.80

10.53

0.6102

(0.1758)

(1.593)

(1.2800)

(0.1503)

(0.2079)

(32.8798)

Paper

- 0.4712**

1.0724*

- 0.9484

- 0.0681

- 0.0111

- 5.335

0.73

5.91

0.1274

(0.2015)

(0.567)

(1.0232)

(0.1107)

(0.0879)

(19.1876)

Textiles

- 0.7502***

2.4389*

3.1294

- 0.1738***

0.3466

- 49.3355**

0.79

8.35

0.2774

(0.2705)

(1.284)

(2.6318)

(0.0544)

(0.2923)

(21.5613)

Wood

- 0.5676

- 0.9473

- 0.1751

- 0.1839

0.0299

68.6120

0.82

1.76

0.1677

(1.8578)

(1.054)

(6.9099)

(0.4739)

(0.1620)

(333.4143)

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

32



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