We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies … persistent endogenous fluctuations in the sectoral distribution of physical capital which, in turn, responds to reversible … exogenous shifts in relative sector productivities. Surplus capital from less productive sectors is lent to more productive ones …

Economists have long debated the best way to explain the sources of productivity growth. Neoclassical theory and "new … growth" theory both regard investment—broadly defined to include purchases of tangible assets, human capital expenditures …, and research and development efforts—as a critical source of productivity growth, but they differ in fundamental ways …

The fifth issue of the International Productivity Monitor published by the Centre for the Study of Living Standards … contains six articles. Topics covered are: the Canada-US manufacturing productivity gap; trends in Canadian living standards …; the impact of economic reform on British productivity growth; productivity and policy reform in Australia; the measurement …

increased multifactor productivity growth, not capital deepening, that drove this acceleration. Parham makes the case that …Australia has historically been Canada's poorer cousin. But a pick-up in productivity growth in the 1990s has raised … Australian living standards to Canadian levels. In this article, Dean Parham of the Australian Productivity Commission provides …