Quotation Gugler, Klaus, Pfaffermayr, Michael. 2003. Convergence in Structure and Productivity in European Manufacturing? Tables. German Economic Review 5 (1): 61-79.


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Abstract

We find fast convergence in productivity for 99 3-digit European industries over the 1985-1998 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 fifty years, a stylized fact which cannot easily be explained by the existing models of trade and growth.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal German Economic Review
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-B, WH-B
Language English
Title Convergence in Structure and Productivity in European Manufacturing? Tables
Volume 5
Number 1
Year 2003
Page from 61
Page to 79

Associations

People
Gugler, Klaus (Details)
External
Pfaffermayr, Michael (WIFO, Austria)
Organization
Research Institute for Regulatory Economics FI (Details)
Institute for Quantitative Economics IN (Details)
Research areas (Ă–STAT Classification 'Statistik Austria')
5370 Industrial economics (Details)
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