Productivity Convergence: Theory and Evidence

Edward N. Wolff

doi:10.1017/CBO9781139049146

A vast new literature on the sources of economic growth has now accumulated. This book critically reviews the most significant works in this field and summarizes what is known today about the sources of economic growth. The first part discusses the most important theoretical models that have been used in modern growth theory as well as methodological issues in productivity measurement. The second part examines the long-term record on productivity among Organization for Economic Co-operation and Development (OECD) countries, considers the sources of growth among them with particular attention to the role of education, investigates convergence at the industry level among them, and examines the productivity slowdown of the 1970s. The third part looks at the sources of growth among non-OECD countries. Each chapter emphasizes the factors that appear to be most important in explaining growth performance.

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Productivity Convergence

Theory and Evidence

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Contents

Frontmatter
pp i-vi

Contents
pp vii-x

Acknowledgments
pp xi-xii

1 - Introduction
pp 1-41

2 - An Overview of Modern Growth Theory
pp 42-69

3 - The Measurement and Estimation of Productivity Growth
pp 70-123

4 - Long-Term Record among the Advanced Industrial Countries
pp 124-168

5 - Postwar Record on Productivity Performance on the Aggregate Level among the Advanced Industrial Countries
pp 169-216

6 - Further Details on the Role of Education and Technology in the Productivity Performance among the Advanced Industrial Countries
pp 217-268

7 - Productivity Performance on the Industry Level among the Advanced Industrial Countries
pp 269-312

8 - The Productivity Slowdown
pp 313-340

9 - Postwar Economic Performance among Countries of the World
pp 341-429

10 - Recapitulation and Future Prospects for Growth
pp 430-464

Bibliography
pp 465-492

Index
pp 493-524

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Theory and Evidence

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