Productiivity Convergence among OECD Countries: The Postwar Experience
This article by Edward N. Wolff of New York University examines trends in convergence in OECD countries toward U.S. productivity levels during the postwar period and finds strong evidence for this phenomenon up to 1990, with rapid growth in investment, education, and R&D in OECD countries accounting for the catch-up. The process of convergence seems to have ended in the 1990s, reflecting slower growth in OECD countries, a diminishing of the forces behind the convergence process given the narrowing of the productivity gap with the United States, and perhaps most important, the acceleration of productivity in the United States.
Volume (Year): 1 (2000)
Issue (Month): (Fall)
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