Abstracts
Abstract
We propose to measure economic convergence for three emerging countries: Brazil/China/India. A first result is that the higher the level of productivity in an industry, the lower its growth rate, showing a convergence to the productivity frontier represented by the U.S. A first contribution is to propose a new definition of convergence, based on labor productivity vis-à-vis the technological frontier. A second contribution is that we use industry-level data to measure convergence. In doing so, we aim to reduce the biases of using trade data collected at the national level as in previous models.
Keywords:
- economic convergence,
- endogenous growth,
- Brazil,
- China,
- India,
- labor productivity
Résumé
Nous proposons de mesurer la convergence économique pour trois pays émergents : le Brésil, la Chine et l’Inde. Lorsque le niveau de productivité dans une industrie augmente, son taux de croissance diminue montrant une convergence vers la frontière technologique représentée par les États-Unis. Une première contribution est de proposer une nouvelle définition de la convergence, sur la base de la productivité du travail. Une deuxième contribution est que nous utilisons des données au niveau de l’industrie pour mesurer la convergence. Ce faisant, nous cherchons à réduire les biais de l’utilisation de données commerciales recueillies au niveau national.
Mots-clés :
- convergence économique,
- croissance endogène,
- Brésil,
- chine,
- Inde,
- productivité du travail
Resumen
Proponemos medir la convergencia económica para tres mercados emergentes: Brasil, China e India. Cuando el nivel de productividad en una industria aumenta su tasa de crecimiento disminuye, lo que muestra la convergencia de la frontera tecnológica representada por los Estados Unidos. Una primera contribución es proponer una nueva definición de convergencia, sobre la base de la productividad del trabajo. Una segunda contribución es que utilizamos los datos a nivel de la industria para medir la convergencia. De este modo, se busca reducir el sesgo causado porel uso de datos de comercio a nivel nacional.
Palabras clave:
- convergencia económica,
- crecimiento endógeno,
- Brasil,
- China,
- India,
- productividad del trabajo
Appendices
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