evidence against the other basic prediction of the Solow model that the long run growth rate is only determined by … rate of growth of the Total Factor Productivity (TFP)using the Divisia-Tornqvist index and we find that it is independent …In this work we observe the role of public and human capital through an extended version of the Solow model,and we test …

Despite the widespread popularity of the Solow growth model, much of the recent empirical work based on the classic … framework misrepresents a crucial feature of the model. Namely, the growth rate of technological progress, assumed to be … exogenous in the Solow model, is often identified as being constant across countries. This simplification of the behaviour of …

decomposition of output growth. The results imply that while the neoclassical convergence mechanism occurred, the technological one …

(TEP), growth of the capital-labor ratio and growth of Total Factor Productivity (TFP). We bring the decomposition to the …We adopt a counterfactual approach to decompose labor productivity growth into growth of Technological Productivity … account for about 44% of labor productivity growth and TEP gaps with respect to the US to remain almost unchanged, on average …

exogenous tax increases have strong, permanent, and negative effects on TFP which represent about 80% of change in output … following the tax increase. I then build a DSGE model which has learning-by-doing and endogenous TFP evolution. The benchmark … effect of taxes on TFP is substantially less elastic than in the data. I argue that this divergence may arise because tax …

factor productivity (TFP) growth in each of the two sectors, and GHK’s concepts of investment specific and neutral …-Specific Technological Progress and Growth Accounting’ which critiqued the work of Greenwood, Hercowitz and Krusell. I argued that the … Greenwood-Hercowitz-Krusell (GHK) model is a special case of a two-sector, neoclassical growth model with differing rates of …

factor productivity (TFP) growth in each of the two sectors, and GHK's concepts of investment specific and neutral …-Specific Technological Progress and Growth Accounting' which critiqued the work of Greenwood, Hercowitz and Krusell. I argued that the … Greenwood-Hercowitz-Krusell (GHK) model is a special case of a two-sector, neoclassical growth model with differing rates of …

possibility of decreasing growth rates over time within each country (or geographical unit). We also show how the possible bias in …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …-born by skill level. Specifically, after introducing migration in an augmented Solow-Swan model, we estimate a dynamic panel … capital on economic growth. And second, the contribution of immigrants to human capital accumulation tends to dominate the …

This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 …-born populations by skill level. Specifically, after introducing migration in an augmented Solow-Swan model, we estimate a dynamic … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …