, an emission-decomposition exercise shows that scale effects are dominated by technique effects working towards a …

Over recent years `opportunity cost' (OC) models of growth have been constructed which suggest that firms take … advantage of the possibility of intertemporal subsitution in order to engage in productivity-improving activities during … productivity, both in the short and long run, and the short-run impact is stronger in those countries where fluctuations are more …

second phase that growth starts in earnest. The historical record of productivity growth associated with electrification, and …We develop a model of growth driven by successive improvements in `General Purpose Technologies' (GPTs), such as the … cycles: during the first phase of each cycle output and productivity grow slowly or even decline, and it is only in the …

mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition … its properties, and show that it predicts subsequent economic growth. …

-market failures and saving rates affect aggregate total factor productivity. Numerical simulations suggest that dynastic management … may be a substantial contributor to observed cross-country differences in productivity. …

job creation in the US, is its slower productivity growth. This paper begins with data showing that US productivity growth … has been essentially zero since 1973 outside of manufacturing. In contrast, productivity growth in US manufacturing has …

countries and industries in employment growth, whereas country-specific effects are more important in the analysis of labour …