Structural Convergence in Manufacturing Industries between Leaders and Latecomers
利用跨国面板数据检验工业化经济体与工业化中经济体在工业产出结构上是否逐渐趋同,发现半工业化经济体转向石化与工程产业,而最不发达经济体发展多样化非传统制造业。
This article uses cross-country panel data on three-digit manufacturing to test for progressive structural convergence in industrial output mix between industrialising and industrialised economies. Regressions based on Logistic and Almost-Ideal models show that industrial deepening entails share losses for light and selected heavy manufacturing, and share gains for engineering and consumer durables. While semi-industrial economies manage to shift into petrochemical and engineering industries, the least industrialised nurture a broad spectrum of non-traditional manufacturing. Diversity in factor endowments and policy notwithstanding, growing similarity in demand and technological diffusion appear to produce weak convergence of industrial structures between developing and developed countries.