The paper investigates the factors affecting the equilibrium level of output in a panel of European countries. Output depends on factor inputs and on the technology and the efficiency with which those factors are used. Efficiency may be driven by international conditions and institutional...

Economic performance in the UK improved over 1997 and 2007 in comparison to other OECD countries. We employ growth accounting and crossÃcountry regression analysis to identify factors behind this relative improvement in performance. Based on growth accounting analysis, we find out that, capital...