F rom the viewpoint of economic theories, total factor productivity (TFP) is the most important component that leads to economic growth and development. The main purpose of this study was to evaluate the impact of knowledge-based economy on total factor productivity in the member countries of the Middle East and North Africa (MENA) region. For this purpose, the panel data regression analysis ha...

This paper quantifies the contributions of sectoral productivity growth and structural change to aggregate productivity convergence. Existing evidence is inconclusive because it focuses on convergence within sector and its methodology depends sensitively on the conversion factor used to compare sectoral productivity levels across countries. Thus, a methodology – β-decomposition – is proposed to...

While the discussion of Thailand and East Asian growth has been a controversy between capital accumulation and productivity stories, we analyze the general equilibrium interaction between productivity and investment in an intertemporal model. The model builds in endogenous productivity spillover effects influencing profitability and investment and produces long run growth effects of economic po...

This paper decomposes OECD convergence into contributions from sectoral productivity growth and contributions from employment shift across sectors. While productivity growth in services and agriculture contributed significantly to convergence, the contributions from employment shift and productivity growth in manufacturing are statistically insignificant. JEL: O41, O47