This paper uses a model of growth and imperfect capital mobility across multiple economies to characterize the dynamics …

How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting … and the insights from a two-sector growth model to answer this question. The use of a two-sector rather than a one … expected to fall in the future. According to the two-sector model, the main boost to growth comes from ICT use, not ICT …

growth and major strands of the empirical literatures on R&D, productivity growth, and productivity convergence. Starting … from a structural model of endogenous growth following Aghion and Howitt (1992), (1998), we provide microeconomic … foundations for the reduced-form equations for Total Factor Productivity (TFP) growth frequently estimated empirically using …

Economies at early stages of development are often shaken by abrupt changes in growth rates, whereas in advanced … economies growth rates tend to be relatively stable. To explain this pattern, we propose a theory of technological … lower the volatility of output growth. Technological complexity evolves endogenously in response to profit incentives. The …

technological frontier, and therefore make a contribution to productivity growth through technology transfer. We also find evidence …

Should raising the growth rate of GDP per capita be a policy goal of governments in general, and of the British …'t make people any happier; and 4) The planet is finite, so further growth of GDP (at least in rich countries) is not feasible … anyway. I discuss and reject all four of these objections. I urge the LSE Growth Commission to focus its efforts on policies …

When doing growth accounting, should we use ex post or ex ante measures of user costs to calculate the contribution of …

-Specific Technological Progress and Growth Accounting’ which critiqued the work of Greenwood, Hercowitz and Krusell. I argued that the … Greenwood-Hercowitz-Krusell (GHK) model is a special case of a two-sector, neoclassical growth model with differing rates of … technical progress in the two sectors; that a version of Jorgensonian growth accounting can be constructed for this two …