This article by Edward N. Wolff of New York University examines trends in convergence in OECD countries toward U.S. productivity levels during the postwar period and finds strong evidence for this phenomenon up to 1990, with rapid growth in investment, education, and R&D in OECD countries...

We propose a new measure of total factor productivity (TFP) growth in a general equilibrium setting.It measures by how much the efficiency frontier moves outwards given the availability of primary ressources, the technology and the structure of domestic final demand. Prices are endogenous. We...