contribution of total factor Productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …, which highlights the need for policy actions to reinvigorate Productivity growth. This paper explores the question of what … kind of structural policies could boost Productivity growth in SMICs and the political economy factors that may be …

1 Introduction -- 2 The Data: Productivity and Capital Differences across Countries and over Time -- 3 Two … Complementary Frameworks to Study Convergence Clubs -- 4 Convergence Clubs in Labor Productivity -- 5 Convergence Clubs in Physical … and Human Capital -- 6 Convergence Clubs in Total Factor Productivity -- 7 Accounting for Convergence Clubs -- 8 …