Gugler, Klaus; Pfaffermayr, Michael - 2000
We find very fast convergence in productivity for the 99 3-digit European industries over the 1985-1998 period …. According to our estimates half of any productivity gap is closed on average in 10 years. The speed of convergence is much … productivity catch up. Skill intensity fastens structural adjustment but seems to have no effect on convergence in productivity …