World Total Factor Productivity Growth and the Steady-state Rate in the 20th Century

Publicado en

  • Economics Letters


  • 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.

fecha de publicación

  • 2013

Página inicial

  • 340

Última página

  • 343


  • 119


  • 3