This paper analyzes the role of specialized high-skilled labor in the growth of the service sector as a share of the … total economy. Empirically, we emphasize that the growth has been driven by the consumption of services. Rather than being …

We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … sector and aggregate level. At the aggregate, the model behaves as the Neoclassical growth model. Our goal is for this model … to bridge the gap between the theoretical and empirical studies of technology adoption and economic growth. We bridge …

growth of fast-moving Indian states as a guide. Despite recent reforms that have removed some of the policy impediments that …

sector that spans her entry into WTO. We find that productivity growth is among the highest compared to other countries. For … our preferred estimate, the weighted average annual productivity growth for incumbents is 2.7% for a gross output … roughly half to total TFP growth. Aggregate productivity growth, however, is tempered by a much lower effect of reallocation …

countries, and the period 1870-1998 reveals that embodied productivity growth is large for many of the technologies in our … sample. On average, increases in the variety of vintages available is a more important source of growth than the increases in …