Productivity convergence in OECD manufacturing industries
The extent of β- and σ-convergence of average labor productivity across manufacturing industries in 18 OECD countries over the period 1972–1992 shows large inter-industry differences. One reason for these differences is knowledge and capital barriers preventing the occurrence of catch-up. We find the level of average labor productivity, as a proxy for these barriers, is correlated with the extent of convergence.
|Keywords||convergence, labor productivity, manufacturing|
|Persistent URL||dx.doi.org/10.1016/S0165-1765(99)00228-1, hdl.handle.net/1765/15883|
Carree, M.A., Klomp, L., & Thurik, A.R.. (2000). Productivity convergence in OECD manufacturing industries. Economics Letters, 337–345. doi:10.1016/S0165-1765(99)00228-1