The authors revisit Western Europe's record with labor productivity convergence and tentatively extrapolate its …) high rates of capital accumulation and TFP growth reflect convergence along two margins. One margin (between industries) is …-industry one. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a …

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …

We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … capital accumulation and TFP growth reflect convergence along two margins. One margin (between industry) is a massive …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …