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Sources of Economic Growth

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  • A. Senhadji Semlali
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    Abstract

    A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish this analysis from that of the related literature. First, the critical technology parameter—the share of physical capital in real output—is econometrically estimated and the usual assumption of identical technology across regions is relaxed. Second, while the few studies on the determinants of cross-country differences in TFP have focused on growth rates of real output this analysis is on levels. Recent theoretical as well as empirical arguments point to the level of TFP as the more relevant variable to explain.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 99/77.

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    Length: 41
    Date of creation: 01 Jun 1999
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    Handle: RePEc:imf:imfwpa:99/77

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    Cited by:
    1. Jorge Martínez-Vázquez & Robert M. McNab, . "Fiscal Decentralization, Macrostability And Growth," Working Papers, Instituto de Estudios Fiscales 11-03 Classification-JEL , Instituto de Estudios Fiscales.
    2. Kevin C. Cheng, 2003. "Growth and Recovery in Mongolia During Transition," IMF Working Papers 03/217, International Monetary Fund.
    3. Khan, Safdar Ullah Khan, 2005. "Macro Determinants of Total Factor Productivity in Pakistan," MPRA Paper 8693, University Library of Munich, Germany, revised 10 Sep 2005.
    4. Jungsoo Park & Hang Ryu, 2006. "Accumulation, Technical Progress, and Increasing Returns in the Economic Growth of East Asia," Journal of Productivity Analysis, Springer, Springer, vol. 25(3), pages 243-255, 06.
    5. Debdulal Mallick, 2007. "The Role of Elasticity of Substitution in Economic Growth: A Cross-Country Test of the La Grandville Hypothesis," Economics Series 2007_04, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
    6. Abu-Qarn, Aamer & Abu-Bader, Suleiman, 2005. "A Versus K Revisited: Evidence from Selected MENA Countries," MPRA Paper 1114, University Library of Munich, Germany.
    7. Debdulal Mallick, 2007. "Growth and Slowdown of Nations: What Role for the Elasticity of Substitution?," Economics Series 2007_02, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.

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