Convergence Patterns at the Industrial Level: The Dynamics of Comparative Advantage
Sprache des Titels:
Englisch
Original Kurzfassung:
Although there exists a vast literature on convergence and divergence of income levels across
countries or regions at the aggregate level, there is only little work on convergence and/or divergence
processes of productivity and wage levels at the more disaggregated industrial level. These
are especially important in the context of international trade as these determine the dynamics
of comparative advantages and the resulting trade structures between developing and developed
countries. In the first theoretical part, we discuss some theoretical aspects of uneven sectoral
productivity and wage catching-up processes and their links to dynamic comparative advantages
and trade structures. In the second part we present an econometric study of catching-up
of wages, productivity, and labour unit costs. The analysis is conducted at the industrial level
(ISIC 3-digit) over the period 1965-1995 for a set of catching-up economies compared to more
advanced countries.
Sprache der Kurzfassung:
Englisch
Veröffentlicher:
Working Paper No. 14
Verlagsanschrift:
WIIW, Vienna
Erscheinungsmonat:
7
Erscheinungsjahr:
2000
Notiz zur Publikation:
Working Paper, The Vienna Institute for International Economic Studies (WIIW)
Forschungs-