Productivity convergence in OECD manufacturing industries
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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.
- L60 : Industry Studies: Manufacturing: General
- J24 : Human Capital; Skills; Occupational Choice; Labor Productivity