Abstract
The extent of beta- and sigma-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. (C) 2000 Elsevier Science S.A. All rights reserved.
Original language | English |
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Pages (from-to) | 337-345 |
Number of pages | 9 |
Journal | Economics Letters |
Volume | 66 |
Issue number | 3 |
DOIs | |
Publication status | Published - Mar 2000 |