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

A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … economies prior to 1800 as well as the growing living standards exhibited by modern industrial economies. Our theory also … sustained growth. This transition is inevitable given positive rates of total factor productivity growth. We use a standard …

across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and … economic growth into capital-deepening and productivity components, to a more complex account of the growth process. In the … more complex account, capital and productivity interact, both are endogenous, and quality change in inputs and output …

In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four … things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …

restructuring process and that this is associated with the tight financial-market conditions that follow. This productivity cost of …

We examine productivity growth since World War II in the five leading research economies: West Germany, France, the … productivity, research, and patenting, we simulate the growth of the five countries, given initial productivity levels in 1950 and … the magnitude of the slowdown in German, French, and Japanese productivity growth and the relative constancy of U.K. and U …

the possibility that capital-embodied technical change may be a significant source of total factor productivity growth … suggest that as much as 20 percent of the total factor productivity in growth U.S. manufacturing industry over the period 1949 …

We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … disparities in sectoral productivity levels as well as aggregate TFP that can be attributed to the differences in the range of …