In the paper, productivity convergence is analyzed with a broad panel of industry sector data for the United States and … had a significant effect on German sectoral productivity growth in the sixties and seventies. Some part of the catching …-up is due to capital-deepening, but most of it is total factor productivity convergence, i.e. endogenous growth models …

FDI is an important channel for productivity spillovers across economies. But productivity and employment effects of … difference of total factor productivity amounts to 6 %. Second, multinationals show quite heterogeneous performances after cross … firm. But most importantly, the causal effect of cross-border M&A on the multinationals’ productivity is positive and …