Gugler, Klaus; Pfaffermayr, Michael - In: German Economic Review 5 (2004) 1, pp. 61-79
We find fast convergence in productivity for 99 three-digit European industries over the 1985-98 period. Half of any productivity gap is closed on average in about 10-15 years. We explicitly formulate the steady-state assumptions for structural convergence to hold. Convergence in industrial...