Aghion, Philippe; Comin, Diego; Howitt, Peter - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2006
significantly associated with productivity growth for poor but not for rich countries. This effect operates entirely through TFP …, growth results from innovations that allow local sectors to catch up with the frontier technology. In relatively poor … must be adapted. In such a country, local saving matters for innovation, and therefore growth, because it allows the …