Table 7 Conditional β-convergence labour productivity, specified, fixed effects
|
β |
Energy |
Investment share |
Open |
Balassa |
Value |
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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