This paper explores the role of managerial capital and business research and development (R&D) in fostering multifactor … productivity (MFP) convergence in a panel of 42 countries. The OECD long-term growth model is augmented to show that, in addition …

productivity growth …

-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in …

's success well, poor productivity performance in the services sector has hampered overall productivity growth. The Republic of … People's Republic of China needs to upgrade its institutional quality and improve productivity, particularly in its services …

potential candidate countries. The analysis reveals that total factor productivity growth has been the main driver of … negative link between the initial level of GDP and subsequent growth. Labour productivity has improved in most countries, while … are needed in terms of labour productivity and utilisation, as well as in terms of physical and human capital accumulation …

potential candidate countries. The analysis reveals that total factor productivity growth has been the main driver of … negative link between the initial level of GDP and subsequent growth. Labour productivity has improved in most countries, while … are needed in terms of labour productivity and utilisation, as well as in terms of physical and human capital accumulation. …

sector, the public sector and foreign firms) on multifactor productivity growth of 16 countries from 1980 to 1998. The main … results show that the three sources of knowledge are significant determinants of long-term productivity growth. Further … evidence suggests that several factors determine the extent to which each source of knowledge contributes to productivity …