of actual to desired level of employment. Productivity growth is defined in terms of a shift in the labor requirement … function. Swedish banking data is used as an application of the above model. -- Productivity ; Efficiency ; Convergence ; Labor …

This paper investigates the relative labor productivity level for total manufacturing in Germany, Sweden and the US for … the period 1980-2001. The paper also presents estimates of labor productivity levels for 18 different manufacturing … industries for the period 1993-2000. The results show that the Swedish manufacturing productivity caught up with German and US …