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Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence
2002
The American Economic Review
We decompose labor-productivity growth into components attributable to (1) technological change (shifts in the world production frontier), (2) technological catch-up (movements toward or away from the frontier), and (3) capital accumulation (movement along the frontier). The world production frontier is constructed using deterministic methods requiring no specification of functional form for the technology nor any assumption about market structure or the absence of market imperfections. We
doi:10.1257/00028280260136381
fatcat:wmbuuk5gszbtpounp6lfqnlsvy