the convergence hypothesis maintains that an economy whose productivity lags behind other economies has a potential to grow faster. in other words, this economy can experience faster economic growth through absorbing, accepting, and using available technology experience. in this study, we have examined the relationship between tfp of industry sectors and regional convergence in iran's prov...

This paper investigates the dynamics of Total Factor Productivity at the establishment level. We introduce technology transfer into a framework with heterogeneous firms and ongoing entry and exit. We find evidence that convergence to the frontier is statistically and quantitatively important. Foreign multinationals make up a significant proportion of establishments at the technological frontier...

Understanding whether the gap between rich and poor country’s GDP per capita has narrowed is really about the changing shapes of distributions of wellbeing and technology indicators. As limiting cases, convergence between rich and poor country groups can be brought about by countries within groups becoming less alike without any diminution of growth rate differentials between them, or it can be...

Technical Change and Total Factor Productivity Growth: The Case of Chinese Provinces In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as other exogenous (e...

Population aging is widely expected to have detrimental effects on aggregate economic growth. However, we have little empirical evidence about the actual existence or magnitude of such effects. In this paper, we exploit differential aging patterns at the state level in the United States between 1980 and 2010. Many states have already experienced high growth rates of the 60+ population, comparab...

This paper looks at the patterns of causation between income, export, import, and investment growth for 39 developing countries. Our approach di®ers from previous e®orts in a number of ways. First, we examine each country individually in order to allow for complete heterogeneity. Second, we apply novel model selection techniques which are based on in-sample goodness-of̄t criteria and ex-ante pre...

This paper documents large differences across vintages in the properties of the widely-used quarterly utilization-adjusted TFP series produced by Fernald (2014), who provides updated data each quarter on his website. The most recent vintage of the adjusted TFP series has correlations with earlier vintages of the series that are less than 0.6. Compared to earlier vintages, the most recent vintag...