There have been sharp movements in productivity growth in the euro area and in the United States recently, upwards in the former and downwards in the latter, which seem to be partly due to structural developments.

We construct and estimate a unifi…ed model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...

A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier

A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier - country-level inefficiencies - exhibit long-run relationships and convergence. The method is applied to 1-digit industries of 14 OECD...

A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier|country{level ineciencies|exhibit long{run relationships and convergence. The method is applied to 1-digit industries of 14 OECD countries from...

The study shows that the exceptional drop in volume of Finland's GDP in 2009 - as much as 8 per cent -was to a large extent due to huge decline in exports and production of one industry, ICT. The contribution of ICT (or electronics and electro-technical industry) to GDP decline was close to two...

We analyse the Sigma convergence (standard deviation divided by average) of purchasing power adjusted GDP per capita and GDP per hour worked in the European Union. We also link the development in income distribution as measured by Gini coefficients to convergence. With short pauses, there has...

We study the role of productivity convergence and financial conditions in the recent growth experience of Hungary. We build a stochastic, small-open economy growth model with productivity convergence, capital accumulation and external borrowing. Using empirically identified processes for...

We analyze the dynamic interaction of Japan's total factor productivity, gross domestic product (GDP) domestic and foreign private and public research and development (R&D) in vector-error-correction models (VECMs) for Japan with data from 1963-2017. Extensive testing leads to favoring a model...

We analyze the dynamic interaction of Japan's total factor productivity, gross domestic product (GDP) domestic and foreign private and public research and development (R&D) in vector-error-correction models (VECMs) for Japan with data from 1963-2017. Extensive testing leads to favoring a model...