This paper studies persistence properties of total factor productivity (TFP) from Bayesian perspective. Emphasizing that classical unit root test for TFP cannot determine the probability whether a stochastic shock to the series is permanent, we design a Bayesian unit root test for TFP....

Introduction -- Theoretical and empirical literature on diffusion: A move towards a broader perspective -- Integrating models of diffusion: A conceptual framework for research -- A synoptic review of the Indian automotive and auto components industry -- A comparative regional analysis of Indian...

Human capital is of utmost importance for the future of our knowledge economies and societies. However, it is unequally distributed in Europe, contributing to marked spatial patterns of economic prosperity within and across countries. In many cases, these patterns have a long history. To...