The neoclassical growth model accords with empirical evidence on convergence if capital is viewed broadly to include … convergence than those observed empirically, however. We show that the open economy model conforms with the evidence if an economy …

We estimate the effect of international trade on average labour productivity across countries. Our empirical approach … empirical grounds. In contrast to the marginally significant and non-robust effects of trade on productivity found previously … productivity. Our finding is that trade works through labour efficiency, while institutional quality works through physical and …

This paper proposes an empirical growth model which is consistent with a stochastic steady-state labour productivity …