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New panel data estimates for the four East Asian Tigers show that the contribution of total factor productivity (TFP …) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is …
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In the paper, the sources of productivity growth are investigated by an empirical analysis with micro data for West …. The empirical results reveal that innovative firms exhibit more productivity increases. Large firms exhibit more … productivity increases as compared with small firms, ceteris paribus, which hints towards scale economies at the firm level …
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into account. The data are used to study total factor productivity, labour and capital productivity developments in a … changes in labour services and the composition thereof, as drivers of value added and labour productivity growth. Significant …
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result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … capital-output ratio. Cross-country differences of TFP in turn are associated with differences in human capital, governance … business climate indicators converge rapidly. Poor countries without those attributes do not. We show that low investment is …
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