ICT capital is an important driver of productivity growth. Using data from the EUKLEMS growth accounts, we show that ICT has made smaller contributions to labour productivity growth in the EU-15 than in the US, both at the macro level and at the level of individual sectors. At the same time,...

This paper provides an update of the paper "From R&D to Productivity Growth: Do the Institutional Settings and the Source of Funds of R&D Matter?" (Guellec and van Pottelsberghe 2004). We present estimates of the long-term impact of various sources of knowledge (R&D performed by the business...

The Penn World Tables (PWT) are an important data source for cross-country comparisons in economics. The PWT have undergone several revisions over time. This paper documents how countries' output growth rates change across four publicly available versions of the PWT. We show that for some...

Using a unique international database on generalized trust covering 142 countries across the world for the 41-year time period from 1980 to 2020, this paper finds strong evidence that generalized trust at the country level is not stable over time. 2 In fact, the paper finds a pronounced...

This paper models and estimates total factor productivity (TFP) growth parametrically. The model is a generalization of the traditional production model where technology is represented by a time trend. TFP growth is decomposed into unobservable technical change, scale economies and observable...

The paradoxes of Lucas and Romer relate to the theoretical coherence of the international differences in productivity of the factors of production. To solve these paradoxes, the assumption of externality of the physical capital seems better than the assumption of externality of the human capital...

Is tourism an opportunity for lagging countries in the elusive quest for growth (Easterly, 2002)‘ Recent empirical evidence suggests that the answer is a cautious yes. Aggregate cross-country data show that tourism specialization is likely to be associated with higher per capita GDP growth...

Using newly created data containing real output per worker, real physical capital per worker, and human capital per worker for US states from 1840 to 2000, Turner et. al (2007) analyze the growth rates of aggregate inputs and total factor productivity (TFP). We continue this line of work by...

This paper creates a new data set on the physical capital at the state level for the United States from 1840 through 2000. We combine these new data with state level human capital and income data to do standard growth accounting exercises and to estimate the contribution of aggregate input...

The authors examine the relative importance of the growth of physical and human capital and the growth of total factor productivity (TFP) using newly organized data on 145 countries that span more than one hundred years for twenty-four of these countries. For all countries, only 3 percent of...