Convergence in Structure and Productivity in European Manufacturing?
We find fast convergence in productivity for 99 three-digit European industries over the 1985-98 period. Half of any productivity gap is closed on average in about 10-15 years. We explicitly formulate the steady-state assumptions for structural convergence to hold. Convergence in industrial structure is much slower than productivity catch-up with a half-life of around 50 years, a stylized fact which cannot easily be explained by the existing models of trade and growth. Copyright Verein für Socialpolitik and Blackwell Publishing Ltd. 2004.
(This abstract was borrowed from another version of this item.)
|Date of creation:|
|Contact details of provider:|| Postal: Arsenal Object 20, A-1030 Wien|
Phone: (+43 1) 798 26 01-0
Fax: (+43 1) 798 93 86
Web page: http://www.wifo.ac.at/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Carree, M. A. & Klomp, L. & Thurik, A. R., 2000.
"Productivity convergence in OECD manufacturing industries,"
Elsevier, vol. 66(3), pages 337-345, March.
- Martin A. Carree & Luuk Klomp & A. Roy Thurik, 1999. "Productivity Convergence in OECD Manufacturing Industries," Tinbergen Institute Discussion Papers 99-065/3, Tinbergen Institute.
- Masahisa Fujita & Paul Krugman & Anthony J. Venables, 2001. "The Spatial Economy: Cities, Regions, and International Trade," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262561476, July.
- Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
- Jan Fagerberg & Bart Verspagen, 1996. "Heading for Divergence? Regional Growth in Europe Reconsidered," Journal of Common Market Studies, Wiley Blackwell, vol. 34(3), pages 431-448, 09.
- Friedman, Milton, 1992. "Do Old Fallacies Ever Die?," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 2129-2132, December.
- Bent Dalum & Gert Villumsen, 1996. "Are OECD Export Specialisation Patterns 'Sticky'? Relations to the Convergence-Divergence Debate," DRUID Working Papers 96-3, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
- Fagerberg, Jan, 1995. "Convergence or Divergence? The Impact of Technology on "Why Growth Rates Differ."," Journal of Evolutionary Economics, Springer, vol. 5(3), pages 269-284, September.
- repec:cep:stiecm:/1993/265 is not listed on IDEAS
- Jan Fagerberg, 1995. "Convergence or Divergence - The Impact of Technology," Working Papers Archives 1995524, Centre for Technology, Innovation and Culture, University of Oslo.
- Nelson, Richard R & Wright, Gavin, 1992. "The Rise and Fall of American Technological Leadership: The Postwar Era in Historical Perspective," Journal of Economic Literature, American Economic Association, vol. 30(4), pages 1931-1964, December. Full references (including those not matched with items on IDEAS)