期刊名称：International Journal of Economics and Financial Issues
电子版ISSN：2146-4138
出版年度：2012
卷号：2
期号：3
页码：320-339
语种：English
出版社：EconJournals
摘要：Beta convergence and the speed of convergence of labour productivity for 52 industries are studied with a panel of data including 13 European countries. We use fixed effect approach to model the heterogeneity across countries. In primary sector and in service sector, the existence of -convergence is found for all industries. In manufacturing sector, convergence is found for all industries except for electronic and computing equipment industries. In general the speed of convergence estimates show slow adjustment. Speed is highest in the capital intensive industries. In primary production the convergence is slowest in agriculture and fastest in fishing industry. In manufacturing sector the convergence is slowest in food, drink and tobacco, and it is fastest in oil refining and nuclear fuel manufacturing industries. By augmenting the productivity models with labour utilization variable speeds up the convergence. Labour utilization is positively related to productivity growth in primary production industries, ICT producing manufacturing industries, and ICT producing services industries. Keywords: Convergence; Speed of convergence; Labour productivity per person; Labour productivity per hour; Labour utilization JEL Classifications: E1; E2; J; O4
