The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...

This paper explores the impacts of Information and Communication Technologies (ICT) on economic growth in New Zealand. Using an extended industry-level growth accounting model to analyse the proximate sources of growth in per capita output, we focus on differences in total factor productivity...