Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
capital-output ratio. Cross-country differences of TFP in turn are associated with differences in human capital, governance … and business climate indicators. We demonstrate that once levels of human capital and governance are taken into account …, there is strong conditional cross-country convergence. Poor countries with high levels of human capital, governance or …