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World total factor productivity growth and the steady-state rate in the 20th century
- Source :
- Economics Letters. 119:340-343
- Publication Year :
- 2013
- Publisher :
- Elsevier BV, 2013.
-
Abstract
- I estimate a Solow model augmented with human capital in 42 countries for 1910–2000. Estimated TFP growth is 0.3%/year, and the steady-state rate for GDP/capita is 1.0%/year. Implicitly for high-income countries maintaining growth above this rate will be increasingly difficult.
- Subjects :
- Economics and Econometrics
Steady state (electronics)
business.industry
Convergence (economics)
Growth accounting
Monetary economics
International trade
Human capital
Solow residual
Total factor productivity growth
Econometrics
Economics
Per capita
Steady state (chemistry)
business
Total factor productivity
Solow model
Finance
Subjects
Details
- ISSN :
- 01651765
- Volume :
- 119
- Database :
- OpenAIRE
- Journal :
- Economics Letters
- Accession number :
- edsair.doi.dedup.....9174c8588a50afaf3f314a2ad0236325
- Full Text :
- https://doi.org/10.1016/j.econlet.2013.03.013