What factors underlie industry differences in research intensity and productivity growth? We develop a multi … consumer preferences. We find that long run industry differences in both productivity growth and R&D intensity mainly reflect … research cannot account for industry differences in productivity growth rates, and that variation in intertemporal knowledge …

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 …