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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
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leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity …
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The concept of convergence, defined either narrowly, through productivity or income per capita, or broadly, across a … country trends in sectoral level productivity data. Whilst productivity convergence is evident in some sectors, generally …
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. Catching-up (relatively) is mostly explained by human capital and for the catching-up panels, total factor productivity (TFP …
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Economists believe that because technology is a public good national productivity levels should "converge." William … finds that the productivity levels of sixteen such nations have converged since 1870. But convergence in Baumol's sample is …
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