theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …Does GDP composition affect GDP growth and volatility? Typically, economies at advanced stages of development grow … gross output production in manufacturing implies a larger growth and volatility of TFP at the value added level in …

expenditure side, private consumption and investment have also stabilized considerably. Most of the decline in aggregate growth … conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper … reduction in growth volatility, of more than 50%, in the agricultural sector, and a gradual stabilization in services. On the …