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• W2076196286 abstract "The investigation, described in the paper, included developing and implementing a dynamic panel framework to study and compare the role of trade and foreign direct investment (FDI) in long-run productivity convergence. Specifically, it employed the technique of a recently developed panel unit-root approach to examine and compare time-series behaviors of manufacturing productivity and services productivity of 25 countries from 1975 to 2004. Results indicated that long-run productivity convergence in manufacturing was trade-related as well as FDI-related. The results have also shown that grouping countries according to their trade partners tends to produce more significant evidence for productivity convergence than their FDI partners do. Furthermore, especially services sector shows no or little convergence, while the manufacturing sector shows strong evidence in favor of convergence. The findings suggest that trade and FDI matter for convergence particularly in the manufacturing productivity movement across countries but more specifically that trade proves more important in explaining long-run manufacturing productivity convergence." @default.
• W2076196286 created "2016-06-24" @default.
• W2076196286 creator A5077191133 @default.
• W2076196286 date "2009-08-01" @default.
• W2076196286 modified "2023-10-10" @default.
• W2076196286 title "Trade, FDI, and productivity convergence: A dynamic panel data approach in 25 countries" @default.
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• W2076196286 doi "https://doi.org/10.1016/j.japwor.2008.08.003" @default.
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