perspectives on the apparent productivity slowdown and declining labor share of income. Third, it can produce rich industry …

endogenously changing level of technology. This technology corresponds, in one case, to a number of types of intermediate products …

A unified growth theory is developed that accounts for the roughly constant living standards displayed by world … sustained growth. This transition is inevitable given positive rates of total factor productivity growth. We use a standard … does not require land. We show that in the early stages of development, only the Malthus technology is used and, due to …

general model of output determination, encompassing variations in factor utilization as well as tho autocorrelated technology …

across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and … economic growth into capital-deepening and productivity components, to a more complex account of the growth process. In the … more complex account, capital and productivity interact, both are endogenous, and quality change in inputs and output …

the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects … channels. First, trade raises productivity levels because producers gain access to new imported varieties. Second, increases in … that aggregates these micro gains to obtain an estimate of trade on productivity growth for each country. We find that in …

Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of … developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to … high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been …

In this paper, we examine the changes in per-capita income and productivity from 1700 to modern times, and show four … things: (1) that incomes per capita diverged more around the world after 1800 than before; (2) that the source of this …

leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …

literature. In fact, we interpret the exogenous growth rate of productivity as an endogenous growth rate of human capital. This … technology used to produce human capital is identical to the technologies used to produce consumption and investment goods, and … in which the technology shocks in the two sectors are perfectly correlated. We find that endogenous growth models can …