How important are capital and total factor productivity for economic growth?

Economic Inquiry

Volumn 44, Issue 1, 2006, Pages 23-49

  Baier, Scott L ^a   Dwyer Jr , Gerald P ^b   Tamura, Robert ^a  

^a CLEMSON UNIVERSITY   (United States)

^b FEDERAL RESERVE BANK OF ATLANTA   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 30344434635     PISSN: 00952583     EISSN: 14657295     Source Type: Journal    
DOI: 10.1093/ei/cbj003     Document Type: Article

References (50)

1. Abramovitz, Moses. "Resource and Output Trends in the United States since 1870." American Economic Review, Papers and Proceedings, 46, 1956, 5-23.
2. Abramovitz, Moses, and Paul A. David. "American Macroeconomic Growth in the Era of Knowledge-Based Progress: The Long-Run Perspective." In The Cambridge Economic History of the United States, vol. 2, The Twentieth Century, edited by Stanley L. Engerman and Robert E. Gallman. Cambridge University Press, Cambridge, 2000, pp. 1-92.
3. Baier, Scott L., Gerald P. Dwyer Jr., and Robert Tamura. "Does the Creation of Stock Exchanges Increase Economic Growth?" Journal of International Money and Finance, 23, 2004, 305-10.
4. Barro, Robert J., and Jong-Wha Lee. "International Comparisons of Educational Attainment." Journal of Monetary Economics, 32, 1993, 363-94.
5. _. "Notes on Growth Accounting." Journal of Economic Growth, 4, 1999, 119-37.
6. Bosworth, Barry P., and Susan M. Collins. "The Empirics of Growth: An Update." Brookings Papers on Economic Activity, 2, 2003, 113-206.
7. Carpena, Luciane, and Manuel S. Santos. "Economic Growth in Some Latin American and OECD Countries, 1960-1990." Unpublished paper, University of Minnesota, 2000.
8. Denison, Edward F. Trends in American Economic Growth, 1929-1982. Washington, DC: Brookings Institution, 1985.
9. Easterly, William. "The Lost Decades: Developing Countries' Stagnation in Spite of Policy Reform 1980-1998." Journal of Economic Growth, 6, 2001, 135-57.
10. Easterly, William, and Ross Levine. "It's Not Factor Accumulation: Stylized Facts and Growth Models." World Bank Economic Review, 15(2), 2001, 177-219.
11. Evrensel, Ayse Y. "Effectiveness of IMF-Supported Stabilization Programs in Developing Countries." Journal of International Money and Finance, 21, 2002, 565-87.
12. Gollin, Douglas. 2002. "Getting Income Shares Right." Journal of Political Economy, 110, 2002, 458-74.
13. Grier, Kevin B., and Gordon Tullock. "An Empirical Analysis of Cross-National Economic Growth 1951-80." Journal of Monetary Economics, 24, 1989, 259-76.
14. Hall, Robert E., and Charles I. Jones. "Why Do Some Countries Produce So Much More Output per Worker than Others?" Quarterly Journal of Economics, 114, 1999, 83-116.
15. Huberman, Michael. "Working Hours of the World Unite? New International Evidence of Worktime, 1870-1913." Journal of Economic History, 64, 2004, 964-1001.
16. Jones, Charles I. "On the Evolution of the World Income Distribution." Journal of Economic Perspectives, 11, 1997, 19-36.
17. _. "Sources of U.S. Economic Growth in a World of Ideas." American Economic Review, 92, 2002, 220-39.
18. Jorgenson, Dale W., and Zvi Griliches. "The Explanation of Productivity Change." Review of Economic Studies, 34, 1967, 249-83.
19. Jorgenson, Dale W., Frank M. Gollop, and Barbara M. Fraumeni. Productivity and U.S. Economic Growth. Harvard Economic Studies, vol. 159. Harvard University Press, Cambridge, MA, 1987.
20. Kendrick, John W. Productivity Trends in the United States. Princeton University Press for the National Bureau of Economic Research, New York, 1961.
21. King, Robert G., and Ross Levine. "Capital Fundamentalism, Economic Development, and Economic Growth." Carnegie-Rochester Conference Series on Public Policy, 40, 1994, 259-92.
22. Klenow, Peter J., and Andres Rodriguez-Clare. "The Neoclassical Revival in Growth Economics: Has It Gone Too Far?" In NBER Macroeconomics Annual 1997, edited by Ben S. Bernanke and Julio J. Rotemberg. MIT Press, Cambridge, MA, 1997a, pp. 73-103.
23. Kuznets, Simon. Modern Economic Growth: Rate, Structure, and Spread. Yale University Press, New Haven, CT, 1966.
24. Lucas, Robert E. Jr. Industrial Revolution: Past, Present, and Future. Simon Kuznets Lectures, 1998.
25. _. "On the Mechanics of Economic Development." Journal of Monetary Economicsm 22, 1988, 3-42.
26. _. "Some Macroeconomics for the 21st Century." Journal of Economic Perspectives, 14, 2000, 159-68.
27. Maddison, Angus. Monitoring the World Economy: 1820-1992. Development Centre of the Organization for Economic Co-operation and Development, Paris, 1995, p. 255.
28. Mankiw, N. Gregory, David Romer, and David N. Weil. "A Contribution to the Empirics of Economic Growth." Quarterly Journal of Economics, 107, 1992, 407-37.
29. Mitchell, B. R. International Historical Statistics: Europe 1750-1992, 4th ed. Stockton Press, New York, 1998a.
30. _. International Historical Statistics: The Americas, 1750-1992, 3rd ed. Stockton Press, New York, 1998b.
31. _. International Historical Statistics: Africa, Asia and Australia 1750-1992, 3rd ed. Stockton Press, New York, 1998c.
32. North, Douglass C. "Institutions, Economic Growth and Freedom: An Historical Introduction." In Freedom, Democracy and Economic Welfare: Proceedings of an International Symposium. Fraser Institute, Vancouver, 1988.
33. Parente, Stephen L., and Edward C. Prescott. "Changes in the Wealth of Nations." Federal Reserve Bank of Minneapolis Quarterly Review, 17, 1993, 3-16.
34. Pritchett, Lant. "Divergence, Big Time." Journal of Economic Perspectives, 11, 1997, 3-17.
35. Psacharopoulos, George. "Returns to Investment in Education: A Global Update." World Development, 22(9), 1994, 1325-43.
36. Quah, Danny T. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics." Economic Journal, 106, 1996, 1045-55.
37. Rodrik, Dani. "Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses." Journal of Economic Growth, 4, 1999, 385-412.
38. Romer, Paul. "Increasing Returns and Long-Run Growth." Journal of Political Economy, 94, 1986, 1002-37.
39. _. "Endogenous Technological Change." Journal of Political Economy, 98, 1990, S71-S102.
40. Solow, Robert M. "A Contribution to the Theory of Economic Growth." Quarterly Journal of Economics, 70, 1956, 65-94.
41. _. "Technical Change and the Aggregate Production Function." Review of Economics and Statistics, 39, 1957, 312-20.
42. Summers, Robert, and Alan Heston. "A New Set of International Comparisons of Real Product and Price Levels Estimates for 130 Countries, 1950-1985." Review of Income and Wealth, 34, 1988, 1-25.
43. _. "The Penn World Table (Mark 5): An Expanded Set of International Comparisons 1950-1988." Quarterly Journal of Economics, 106, 1991, 327-68.
44. _. "Penn World Tables 5.6." Available online at http://datacenter.chass.utoronto.ca/pwt on February 8, 2000.
45. Swan, T. W. "Economic Growth and Capital Accumulation." Economic Record, 32, 1956, 334-61.
46. Tamura, Robert. "Efficient Equilibrium Convergence: Heterogeneity and Growth." Journal of Economic Theory, 58, 1992, 355-76.
47. _. "Human Capital and the Switch from Agriculture to Industry. " Journal of Economic Dynamics and Control, 27, 2002, 207-42.
48. _. "Human Capital and Economic Development," Journal of Development Economics, forthcoming.
49. World Bank. World Development Report 2002. Oxford University Press, Oxford, 2001.
50. _. World Development Indicators 2004. World Bank, Washington, DC, 2004.