International sectoral spillovers: An empircal analysis for German and US Industries

Werner Smolny

No 29, Discussion Papers from University of Konstanz, Center for International Labor Economics (CILE)

Abstract: In the paper, productivity convergence is analyzed with a broad panel of industry sector data for the United States and Germany for 1960-1990. The time-series/cross-sectoral data set allows to investigate country-specific convergence, and to control for sector-specific differences in human capital and factorutilization. It is found that the technological distance had a significant effect on German sectoral productivity growth in the sixties and seventies. Some part of the catching-up is due to capital-deepening, but most of it is total factor productivity convergence, i.e. endogenous growth models relying on knowledge spillovers receive support by the estimates. In addition, being behind had a significant impact on sectoral prices and employment in Germany.

Keywords: Endogenous growth; sectoral spillovers; convergence (search for similar items in EconPapers)
JEL-codes: C33 D24 O47 O57 (search for similar items in EconPapers)
Date: 1995
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:koncil:29

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