What have we learned from a decade of empirical research on growth? Comment on "It's Not Factor Accumulation : Stylized Facts and Growth Models

William Easterly and Ross Levine document five stylized facts about growth and argue that they imply a bigger role for total factor productivity (TFP) and technology than for physical and human capital. I agree with the first four of their facts and believe facts 1 and 3 provide strong support for their conclusion that TFP should be the focus of growth research.

MoreLess

Year of publication:	2001
Authors:	Klenow, Pete
Published in:	The World Bank Economic Review. - World Bank, ISSN 1564-698X, ZDB-ID 2020807-8. - Vol. 15.2001, 2, p. 221-223
Publisher:	World Bank
Subject:	CAPITA INCOME \| ECONOMIC ACTIVITY \| FACTOR ACCUMULATION \| GEOGRAPHIC CONCENTRATION \| GROWTH RATE \| GROWTH RATES \| INTERMEDIATE GOODS \| MARKET SHARE \| TFP \| TOTAL FACTOR PRODUCTIVITY

More details

Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.1093/wber/15.2.221 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10015360293