-country growth regressions. When the time series are persistent, the first-differenced GMM estimator can be poorly behaved, since …-differenced GMM in our estimation of an empirical growth model. …

composition of intermediate goods, and the distinction between the productivity indices for value added and for gross output. We … illustrate their significance for growth accounting using the well known model of Greenwood, Hercowitz and Krusell (1997), who … find that about 60% of economic growth can be attributed to investment-specific technical change (ISTC). When we …

Pooled regressions, first of eight and then of sixteen countries, show a steady and robust process of endogenous growth … performance in the 1950s and the 1960s. This result contrasts with that of Maurice Scott, who finds that growth accelerated after … 1945. Catching up is no longer relevant in the 1970s and the 1980s, despite a continuing gap in productivity levels vis á …

Standard growth accounting exercises find large cross-country differences in aggregate TFP. Here we ask whether …

In this paper we quantify the effects of the Small Scale Reservation Laws in India on the aggregate productivity … multi-sector setting and embed it into the neo-classical growth model. Our main theoretical contribution is to model the …

It has been argued that concave models exhibit less ‘endogeneity of growth’ than models with increasing returns to … input. If better quality capital can be produced quickly, we get a model of exogenous balanced growth as a special case of … ours. If, however, better quality capital can be produced slowly, we get a model of “endogenous growth” in which the growth …

We develop a multi-sector general equilibrium model in which productivity growth is driven by the generation of … intensity and productivity growth are primarily driven by the parameters of the production function for knowledge …

Many applications in economics use multi-sector versions of the growth model with Cobb--Douglas production functions at …

slower growth in the short run, but to higher output or even productivity growth in the long run. This trade-off occurs in …This paper examines how economic stratification affects inequality and growth over time. It studies economies where …-wide linkages (complementary skills, knowledge spillovers). It compares growth and welfare when families are stratified into …