the possibility that capital-embodied technical change may be a significant source of total factor productivity growth … suggest that as much as 20 percent of the total factor productivity in growth U.S. manufacturing industry over the period 1949 … conventional sources of growth model which allows for both embodied and disembodied technical change. This resulting estimates …

We extend the conventional Solow growth accounting model to allow innovation to affect consumer welfare directly. Our … rise at a greater rate than real GDP growth …

We extend the conventional neoclassical production and growth framework, with its emphasis on total factor productivity … standards, as measured by EGDP, can rise at a faster rate than real GDP growth, which may shed light on the question of how the …

change. This provides a bridge between the productivity literature and the welfare-related literature that tends to reason in … terms of net product functions: although the relevant income measure is net of depreciation, productivity is measured based … on gross output. We show that net product, net income, net expenditure and productivity change are complements, not …

economic growth into capital-deepening and productivity components, to a more complex account of the growth process. In the … across time and across the world. Growth accounting is the principal quantitative tool for understanding this phenomenon, and … for assessing the prospects for further increases in living standards. This paper sets out the general growth accounting …