Benhabib, Jess; Spiegel, Mark M. - Federal Reserve Bank of San Francisco - 2002
productivity growth than the leader nation. ; We derive a nonlinear specification for total factor productivity growth that nests … total factor productivity growth well. 22 of the 27 nations that we identify as lacking the critical human capital levels … needed to achieve faster total factor productivity growth than the leader nation in 1960 did achieve lower growth over the …