We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …

Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …

decomposition of total factor productivity growth …

euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …

, including persistently high but declining rates of labor and total-factor productivity growth, a U-shaped response of the …

After fifty years of catching up to the United States level of productivity, since 1995 Europe has been falling behind … growth shortfall caused the level of European productivity to fall back from 94 percent of the United States level to 85 … retailing formats that have created many of the productivity gains in the United States. For many decades, the United States and …

, productivity growth has been much higher in Europe than in the United States. Productivity levels are roughly similar in the … European Union and in the United States today. The main difference is that Europe has used some of the increase in productivity …

In this paper we emphasize the contribution of technical change, broadly defined, towards productivity growth in … excessively focused on physical capital investments determining productivity differentials, which consequently led to an …