The growth process for a technological leader is different from that of a follower. While followers can grow through imitation and capital deepening, a leader must undertake original research. This suggests that as the gap between the leader and the follower narrows, the follower must undertake...

After a dramatic slowdown of the 1970s, productivity growth in UK manufacturing in the 1980s returned to something like its pre-slowdown trend. This paper constructs a quarterly dynamic model of TFP growth in UK manufacturing using cointegration techniques, correcting for a variety of...

Productivity, or the amount of output produced by a given number of inputs,can be measured in a number of ways;1 the focus of Governmentpolicy, and much of the theoretical and empirical literature, is on labourproductivity, which provides the theme of the discussion in this review.A central...

The growth process for a technological leader is different from that of a follower.While followers can grow through imitation and capital deepening, a leader must undertakeoriginal research. This suggests that as the gap between the leader and the follower narrows, thefollower must undertake...