Hoon, Hian Teck; Kong Weng Ho - 2007
's productivity growth depends upon its distance from the world's technological leader. One motivating contemporary example includes … the evolution of unemployment rates in Europe as it recovered from the second world war and caught up technologically to … 1960 to 2000 in Barro's data set of 112 countries) that is best thought of as catching up to the world's technological …