the micro forces that matter for aggregate productivity growth focusing on six issues: costs to reallocating labour and … capital, the influence of firm ownership and political connections, informality, the allocation of talent across the economy … for macro productivity and addressing them requires a wide combination of policies. …

We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies …–adjusted equity yields across sectors. Economy–wide factor productivity and the aggregate growth rate are both negatively correlated …