function, we decompose the growth of trend GDP into those of the capital stock, labour, human capital and total factor … productivity (TFP) and then forecast trend output growth out to 2030 using a bottom-up approach based on forecasts that we build … Chinese TFP growth based on the aggregation of forecasts of its key determinants. Moreover, our analysis is based on a …

Capital-goods imports have become an increasing source of growth for the U.S. economy. To understand this phenomenon …, we build a neoclassical growth model with international trade in capital goods in which agents face exogenous paths of … sources of output growth in the U.S. economy. Our findings suggest that the model allocation decisions coming from changes in …

We ask whether a weaker contribution of information and communication technologies (ICT) to productivity growth could … methods capturing channels through which ICT could affect aggregate productivity growth. This includes an approach "à la Cette … use and production effects, and an approach "à la Oulton (2012)" that highlights the role of relatively weak growth in ICT …