Cornwell, Christopher Mark; Wächter, Jens-Uwe - 1999
The empirical growth literature has focused on capital accumulation but largely ignored productivity growth. To address … importance of efficiency changes for economic growth. Using a sample of 26 OECD countries from 1965-90, we find convergence and … catch-up is fairly strong among EU countries but not among the G-7. Overall, the ability to absorb new technology is an …