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theory of development consistent with these three facts. I show that even when total factor productivity (TFP) growth and …
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things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage … thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
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The cross-country growth literature commonly uses aggregate economy datasets such as the Penn World Table (PWT) to … production function regressions. Using a unique World Bank dataset we estimate production functions in agriculture and … any total factor productivity measures computed. Our empirical findings imply that sectoral structure is of crucial …
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