productivity catch-up. Evidence shows that countries with higher productivity growth rates export capital while countries with … lower productivity growth rates receive positive capital inflows. This is contradictory to the predictions of the …, our calibrated Schumpeterian growth model also predicts a positive correlation between capital inflows and productivity …

We consider policy distortions in a model where plants face idiosyncratic productivity shocks that evolve following a … productivity over time and the exit rate is exogenous to fit data generated from a model with shocks and endogenous entry, TFP …

This paper proposes a theory for the gradual evolution of knowledge diffusion and growth over the very long run. A … Great Divergence, the failure of less developed countries to attract capital from abroad, and a productivity slowdown in …