Madrick. He argues that the growth of markets through trade, colonization, and domestic expansion was the predominate factor … in Western economic development. While technological innovation is necessary to growth, it is as much a consequence of … economic opportunity as it is a cause, and perhaps even more a follower of economic growth than a leader. …

, more generally, is the impact of education on the growth of productivity in France in the medium term? Neo-classical growth … theories stress the role of the accumulation of human capital in growth in developed countries. We estimate a medium …-term growth-accounting equation based on panel data for 21 OECD countries over the 1971-1998 period. An « error correction form …

) capital on the economy. In a first part, focusing on the supply-side of the economy, we show that the growth accounting … productivity growth is half the one computed by growth accounting studies. In a second part, we use this long-term framework in a …

equilibria, an underdevelopment trap can result in which the growth rate of the economy and the level of education are low. A …

Trend productivity growth is a crucial determinant of future living standards as well as fiscal balances. In this … article, Benoit Robidoux and Bing-Sun Wong from Finance Canada examine the issue of whether trend productivity growth has … point out that business sector output per hour growth in Canada accelerated 0.9 percentage points from 1.1 per cent per year …

developments assesses whether an acceleration of productivity growth, the touchstone of the New Economy, is likely to occur in … institutional changes such as product and labour market deregulation have served as catalysts for growth. He then looks at the role …

productivity growth in the United States after 1995. In this article, Dale W. Jorgenson of Harvard University, Mun S. Ho from … Resources for the Future, and Kevin J. Stiroh of the Federal Reserve Bank of New York provide a detailed account of this growth … growth, and comment on lessons for Canada. They conclude that the U.S. productivity revival is likely to remain intact for …

Both ICT-producing and ICT-using industries have contributed disproportionately to labour productivity growth in the …-using industries to productivity growth. In the 1995-2000 period, the contribution of ICT-producing industries to labour productivity … growth was similar in Canada and the Europe, but only half that in the United State. In terms of the contribution of ICT …

In early 2003, the OECD released a major report entitled The Sources of Growth in OECD Countries. In the seventh and … Economic Advisers reviews the report. Baily notes that key findings include: the diversity in GDP per capita growth across OECD … countries, largely reflecting differences in labour utilization; the importance for growth of exposure to international trade …