Sectoral Energy- and Labour-Productivity Convergence



Table 7 Conditional β-convergence labour productivity, specified, fixed effects

β

Energy
Price

Investment

share

Open

Balassa

Value
added
share

R2

F-stat

Implied λ

Agriculture

- 0.0915

1.3847*

- 0.7385*

- 0.2200

0.57

10.11

0.0192

(0.0595)

(0.8037)

(0.3722)

(2.8331)

Services

- 0.1663

- 0.0038

- 0.0671

0.0866

0.83

16.20

0.0364

(0.1190)

(0.0077)

(0.1744)

(0.8378)

Transport

- 0.5373***

0.4192

- 0.4716

21.6825***

0.74

14.90

0.1541

(0.1551)

(0.3580)

(0.3011)

(4.0113)

Chemicals

- 0.6136***

0.5821

- 0.2272

0.0169

0.0073

58.5063

0.65

7.97

0.1902

(0.1461)

(0.5868)

(0.3363)

(0.0278)

(0.2747)

(15.9523)

Food

- 0.1863

0.2232

- 0.6493

- 0.0319

- 0.1722

- 2.4415

0.42

2.72

0.0412

(0.1945)

(1.3284)

(0.8939)

(0.0831)

(0.3118)

(6.809)

Iron and Steel

- 0.4745***

- 2.3347

- 0.8303***

0.0411

0.3912**

- 8.8493

0.64

7.40

0.1287

(0.1462)

(1.7504)

(0.2629)

(0.0325)

(0.1807)

(14.9038)

Machinery

- 0.0094

0.1354

- 0.9026

- 0.0432

0.0462

4.8580

0.90

5.50

- 0.0663

(0.1600)

(0.1573)

(1.3723)

(0.0379)

(0.4437)

(3.6685)

Transport Equipment

0.3931

- 2.9548**

- 0.9192

0.0180

0.8165

5.9757

0.90

5.50

- 0.0663

(0.2863)

(1.3232)

(0.6803)

(0.0262)

(0.6111)

(12.0548)

Non-Ferrous Metals

- 0.1292

0.4453

- 0.0765

0.0192

- 0.0522

99.8361*

0.28

1.65

0.0277

(0.1562)

(9.2387)

(0.2227)

(0.0231)

(0.1578)

(59.341)

Non-Metallic Minerals

- 0.4089*

0.9708

- 0.7470

0.1170

- 0.3337

5.4763

0.36

2.15

0.1052

(0.2234)

(5.8474)

(0.7213)

(0.1174)

(0.3058)

(21.5337)

Paper

- 0.3015*

0.2964

0.2624

0.0966**

0.0173

30.0144***

0.77

12.57

0.0718

(0.1693)

(0.6340)

(0.4128)

(0.0450)

(0.0381)

(5.6951)

Textiles

- 0.5183***

2.8072*

1.1598

- 0.0426**

- 0.1660

- 23.1631**

0.69

8.41

0.1461

(0.1459)

(1.5751)

(1.2021)

(0.0204)

(0.1246)

(10.8028)

Wood

- 0.1014

- 0.4483

- 1.3205**

0.0001

- 0.0080

26.0902

0.78

11.51

0.0214

(0.1266)

(1.6638)

(0.3985)

(0.0348)

(0.0210)

(17.3229)

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

33



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