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Technological Diffusion, Convergence, and Growth

Barro, Robert J. - 1995

We construct a model that combines elements of endogenous growth with the convergence implications of the neoclassical growth model. In the long run, the world growth rate is driven by discoveries in the technologically leading economies. Followers converge toward the leaders because copying is...

Persistent link: https://www.econbiz.de/10012473731

The New Empirics of Economic Growth

Durlauf, Steven N. - 1998

We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities considered differ from earlier ones, e.g., the well-known Kaldor stylized facts. The new research no longer makes production function accounting a central part of the analysis....

Persistent link: https://www.econbiz.de/10012472386

A Contribution to the Empirics of Economic Growth

Mankiw, N. Gregory - 1990

This paper examines whether the Solow growth model is consistent with the international variation in the standard of living. It shows that an augmented Solow model that includes accumulation of human as well as physical capital provides an excellent description of the cross-country data. The...

Persistent link: https://www.econbiz.de/10012475495

Uncovering Some Causal Relationships between Productivity Growth and the Structure of Economic Fluctuations : A Tentative Survey

Aghion, Philippe - 1993

externalities, productivity growth and direct production activities are complements. An expansion therefore has a positive long …-run effect on total factor productivity. In the second type of approach, hereafter labeled 'opportunity cost or 'learning …-by-doing', productivity growth and production activities are substitutes. The opportunity cost of some productivity improving activities falls …

Persistent link: https://www.econbiz.de/10012474337

When Does Domestic Saving Matter for Economic Growth?

Aghion, Philippe - 2006

significantly associated with productivity growth for poor but not for rich countries. This effect operates entirely through TFP …

Persistent link: https://www.econbiz.de/10012466393

Technology Adoption and Growth

Parente, Stephen L. - 1991

Technology change is modeled as the result of decisions of individuals and groups of individuals to adopt more advanced technologies. The structure is calibrated to the U.S. and postwar Japan growth experiences. Using this calibrated structure we explore how large the disparity in the effective...

Persistent link: https://www.econbiz.de/10012475272

A Framework for Economic Growth with Capital-Embodied Technical Change

Jones, Benjamin F.; Liu, Xiaojie - National Bureau of Economic Research - 2022

perspectives on the apparent productivity slowdown and declining labor share of income. Third, it can produce rich industry …

Persistent link: https://www.econbiz.de/10013388815

Capital Account Liberalization, Institutional Quality and Economic Growth : Theory and Evidence

Klein, Michael W. - 2005

This paper shows that the effect of capital account liberalization on growth depends upon the environment in which that policy occurs. A theoretical model demonstrates the possibility of an inverted-U shaped relationship between the responsiveness of growth to capital account liberalization and...

Persistent link: https://www.econbiz.de/10012467573

The Impact of the Asian Miracle on the Theory of Economic Growth

Fogel, Robert W. - 2009

technological change and the measurement of total factor productivity that emerged during the second half of the 1950s. Section 2 …

Persistent link: https://www.econbiz.de/10012463682

Technological Diffusion, Conditional Convergence, and Economic Growth

Bloom, David E. - 2002

leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …

Persistent link: https://www.econbiz.de/10012470002