In a widely cited paper, Young (1995) showed that the East Asian miracles (Hong Kong, Korea, Singapore and Taiwan) grew mostly through input accumulation during the period 1966-1990. Using data for 83 countries taken from the Penn World Table, version 6.1, and Barro and Lee (2000), we use a...

This article presents a group of exercises of level and growth decomposition of output per worker using cross-country data from 1960 to 2000. It is shown that at least until 1975 factors of production (capital and education) were the main source of output dispersion across economies and that...

Este trabalho mostra que nao so a tendencia de longo prazo (de 1970 ate 1993) dos investimentos publicos em infra-estrutura como proporcao do produto e declinante, mas tambem que esta queda vem se acelerando recentemente em todos os setores, acarretando impacto negativo sobre o produto e, se nao...