. Hence, a one-time increase in productivity, or a reduction of monopoly power can push economies from stagnation to …

Industrialization allowed the industrialized world of today to escape from a regime characterized by low economic and …-sector growth model with endogenous fertility and endogenous technological progress in the manufacturing sector. With this structure … industrialization requires rising growth of agricultural total factor productivity. This result is in marked contrast to previous work …

processes for screening entrepreneurs. Every existing screening process, however, becomes less effective as technology advances …

As a result of debt enforcement problems, many high-productivity firms in emerging economies are unable to pledge … additional resources that flow to high-productivity firms after the reforms. We show that some of these resources do not come … from abroad, but instead from domestic low-productivity firms that are driven out of business as a result of the reforms …

leading to poor productivity performance are the most plausible explanation of Britain's relative decline. It is argued both …

We examine the growth performance of Sweden in the post-World War II period, focusing on explaining the relative … productivity catch-up is rejected. A number of potential `ultimate' causes behind the slowdown are explored. An increasingly … suggests that the incentive structure created by `the Swedish model' made Sweden less successful in adapting to the shocks of …

productivity growth in the US economy can be attributed to a technological acceleration within durable manufacturing and to …-factor productivity in the 88% of the economy outside of durable manufacturing. In comparison with the Great Inventions of 1860-1900, the …

This paper assesses the ‘one big wave’ in multi-factor productivity (MFP) growth for the United States since 1870. The … the diffusion of four great clusters of inventions that dwarf today's information technology revolution in their combined … boosting productivity growth, followed by a reopening that contributed to the post-1972 productivity slowdown. …

capita income, whereas its labour productivity level -- notably in manufacturing -- remained relatively high. The Dutch …