Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92455
Authors: 
Smolny, Werner
Year of Publication: 
1995
Series/Report no.: 
Discussion Paper, Center for International Labor Economics (CILE), University of Konstanz 29
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.
Subjects: 
Endogenous growth
sectoral spillovers
convergence
JEL: 
C33
D24
O47
O57
Document Type: 
Working Paper

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