This is the background paper for the productivity extension of the World Bank's Long-Term Growth Model (LTGM). Based on … Penn World Table, and assesses the pattern of productivity growth across regions and income groups over the same sample … growth is decomposed into the share explained by each of its main determinants, and the relationship between productivity …

A large literature documents the positive influence of a city's skill structure on its rate of economic growth. By … contrast, the effect of a city's age structure on its economic growth has been a hitherto largely neglected area of research … or seniors. The paper sets out the potential channels through which such differential growth may occur. Using data from a …

Growth fluctuations exhibit substantial synchronization across countries, which has been viewed as reflecting a global … countries. This paper brings these two perspectives together by analyzing international growth fluctuations in a setting that … that the cross-country dependence of aggregate growth is the combined result of global shocks summarized by a latent common …