The Level of Development and the Determinants of Productivity Growth
AbstractWe examine the effects of technology on productivity growth by disaggregating total output into sectoral components, exploring the roles of investment and technology on productivity growth for countries in different income groups. We find that for low-income countries, investment is the most important determinant of productivity growth. While investment plays an important role in determining productivity growth in middle-income countries, additional effects resulting from technological change also emerge. Investment ceases to have a significant effect on productivity growth in high-income countries.
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Bibliographic InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 1999-03.
Length: 17 pages
Date of creation: Jul 1999
Date of revision:
Publication status: Published in Applied Economics, June 2002
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More information through EDIRC
productivity growth; investment; technical change; sectoral analysis;
Find related papers by JEL classification:
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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