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This paper extends the standard growth regression model by adding an assumption that a country follows the global technology frontier either fully or partially. This additional assumption changes significantly the growth regression model and its results in three main ways. First, it shows that...
Persistent link: https://www.econbiz.de/10011083897
We adopt a counterfactual approach to decompose labor productivity growth into growth of Technological Productivity (TEP), growth of the capital-labor ratio and growth of Total Factor Productivity (TFP). We bring the decomposition to the data using international countrysectoral information...
Persistent link: https://www.econbiz.de/10011114930
Modeling the cross-country distribution of per capita income using mixture analysis provides a natural platform for the detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one’s ability to learn about the...
Persistent link: https://www.econbiz.de/10010617296
This note explores clustering in cross country GDP per capita using recently developed model based clustering methods for panel data. Previous research characterizing the components of the overall distribution of output either use ad hoc methods, or methods which ignore/subvert the panel nature...
Persistent link: https://www.econbiz.de/10010594195
This paper examines the possibility that a country might follow the global technology frontier partially instead of fully. We develop an empirical test of this possibility, which measures by how much a country follows the frontier. The test shows that indeed most countries do not follow the...
Persistent link: https://www.econbiz.de/10010570820
In 2002, British Columbia eliminated supplemental grants to school districts for some students with special needs. This study provides estimates of the response of special needs designations and academic performance to this funding change. Using student-level panel data, we find that students...
Persistent link: https://www.econbiz.de/10010606958
We use a panel of European firms to investigate the relationship between intangible assets and productivity. We disentangle between tfp and technology adoption, while available studies so far have considered only a notion of productivity conflating the two effects. To this aim, we estimate...
Persistent link: https://www.econbiz.de/10010607431
Persistent link: https://www.econbiz.de/10010935593
Persistent link: https://www.econbiz.de/10010935600
Following Galor and Zeira (1993), we study the effect of the world interest rate on inequality and growth for the period 1985-2005, char- acterized by falling world interest rates and cross-country income po- larization. We argue that the two phenomena are related on the basis of the following...
Persistent link: https://www.econbiz.de/10010937218