our series and a number of previously available data sets and examine their performance in several growth specifications … growth regressions. Using an extension of the classical errors in variables model, we construct a set of meta-estimates of …

. Growth is sustained by the development of new varieties of intermediate goods. Innovation is risky and the probability of … faster growth. Under plausible assumptions, the resulting changes in factor prices lower the relative cost of monitoring …

much better than the Barro and Lee (1996) or Nehru et al (1995) series in a number of growth specifications. We interpret … the (lack of) relationship between educational investment and growth. Using our preferred empirical specification, we also …

develop a simple descriptive growth model which allows for factor accumulation, technological diffusion and rate effects from …

This paper analyses the sources of post-war growth and convergence in the OECD using an extension of Mankiw, Romer and … process of technological catch-up. The results indicate that the impact of R&D investment on growth has been significant … of the sample period. The exhaustion of this effect, moreover, may help explain the slowdown of growth and convergence …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to … increased investment in computers in the rest of the economy. But there has been no acceleration of trend growth in US multi …

‘growth inertia effect.’ A backward economy with a financing regime with centralized decision-making may catch up rapidly when … the convergence effect and the growth inertia effect are in the same direction. This regime leads to large development …