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The argument that the room for "catch up" is a function of the productivity gap with the most advanced economy (i.e. US) is persuasive.

The argument that the room for "catch up" is a function of the productivity gap with the most advanced economy (i.e. US) is persuasive.

However, the gap only represents a potential for catching up; it doesn’t mean that that potential will be realised.

Presumably, there are other ingredients needed. For example, the level of quality of a country’s output (goods and services) relative to its GDP per capita may either enhance or hinder its potential for growth?

