Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128678
Authors: 
Gugler, Klaus
Pfaffermayr, Michael
Year of Publication: 
2000
Series/Report no.: 
WIFO Working Papers 127
Abstract: 
We find very fast convergence in productivity for the 99 3-digit European industries over the 1985-1998 period. According to our estimates half of any productivity gap is closed on average in 10 years. The speed of convergence is much higher than obtained previously in the literature. Convergence in industrial structure is, however, much slower than productivity catch up. Skill intensity fastens structural adjustment but seems to have no effect on convergence in productivity. The Heckscher-Ohlin model but also agglomeration effects and path-dependency may explain the puzzling result of rapid productivity convergence but slow or even non-existent convergence in structure.
Subjects: 
Growth of industries
European integration
convergence
panel estimates
JEL: 
D90
L60
F15
Document Type: 
Working Paper

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