A way to test the relevance of endogenous growth theory is to test this existence of the relationship between innovation and total factor productivity at the country level. More recently this approach has been extended to take account of externalities induced by innovation activities from...

Labour productivity in the U.S. non-farm business sector grew two and a half per cent per year during the 1995-2005 period, nearly double its growth rate over the previous two decades. Services sector labour productivity (LP) and multifactor productivity (MFP) grew more rapidly and substantially...

What is a technologically advanced economy? We propose some theoretical elements showing how heterogeneity in the firms' innovation behaviours can be analysed and exploited in order to assess the technological performance of the economy. Three empirical applications using French data are derived...