Productivitywhat factors might contribute to a low level of


1. (Convergence) Explain the convergence theory. Under what circumstances is convergence unlikely to occur?

2. (Productivity)What factors might contribute to a low level of productivity in an economy? Regardless of the level of labor productivity, what impact does slow growth in labor productivity have on the economy's standard of living?

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Econometrics: Productivitywhat factors might contribute to a low level of
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