Convergence in Structure and Productivity in European Manufacturing?

Gugler Klaus and Michael Pfaffermayr
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Gugler Klaus: University of Vienna,Vienna, Austria

German Economic Review, 2004, vol. 5, issue 1, 61-79

Abstract: 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.

Keywords: Structural convergence; productivity convergence; growth of industries; European integration (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1111/j.1465-6485.2004.00094.x

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