Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine
William Easterly and Ross Levine document five stylized facts about growth and argue that they imply a bigger role for total factor productivity (tfp) and technology than for physical and human capital. The reader agrees with the first four of thei...
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| Format: | Journal Article |
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Washington, DC: World Bank
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/05/17737131/comment-not-factor-accumulation-stylized-facts-growth-models-william-easterly-ross-levine-learned-decade-empirical-research-growth http://hdl.handle.net/10986/17441 |
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okr-10986-174412021-04-23T14:03:29Z Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine Klenow, Pete BLACK MARKET BLACK MARKET PREMIUM CAPITA INCOME CAPITAL INVESTMENTS COUNTRY GROWTH PERFORMANCE DIMINISHING RETURNS ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC REVIEW EMPIRICAL RESEARCH EXTERNALITIES FACTOR ACCUMULATION FOREIGN TRADE GDP GDP PER CAPITA GEOGRAPHIC CONCENTRATION GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN CAPITAL INTERMEDIATE GOODS LONG RUN MACROECONOMICS MARKET SHARE MEASUREMENT ERROR MONETARY ECONOMICS NATIONAL POLICIES PER CAPITA INCOME POLICY CHANGES POLICY VARIABLES POLITICAL ECONOMY POSITIVE COEFFICIENT PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTIONISM PURCHASING POWER STANDARD DEVIATION STATE POLICIES TECHNOLOGY FRONTIER TFP TOTAL FACTOR PRODUCTIVITY William Easterly and Ross Levine document five stylized facts about growth and argue that they imply a bigger role for total factor productivity (tfp) and technology than for physical and human capital. The reader agrees with the first four of their facts and believes facts one and three provide strong support for their conclusion that tfp should be the focus of growth research. 2014-03-27T21:08:17Z 2014-03-27T21:08:17Z 2001-05 Journal Article http://documents.worldbank.org/curated/en/2001/05/17737131/comment-not-factor-accumulation-stylized-facts-growth-models-william-easterly-ross-levine-learned-decade-empirical-research-growth World Bank Economic Review http://hdl.handle.net/10986/17441 English en_US CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Washington, DC: World Bank Publications & Research :: Journal Article |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
BLACK MARKET BLACK MARKET PREMIUM CAPITA INCOME CAPITAL INVESTMENTS COUNTRY GROWTH PERFORMANCE DIMINISHING RETURNS ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC REVIEW EMPIRICAL RESEARCH EXTERNALITIES FACTOR ACCUMULATION FOREIGN TRADE GDP GDP PER CAPITA GEOGRAPHIC CONCENTRATION GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN CAPITAL INTERMEDIATE GOODS LONG RUN MACROECONOMICS MARKET SHARE MEASUREMENT ERROR MONETARY ECONOMICS NATIONAL POLICIES PER CAPITA INCOME POLICY CHANGES POLICY VARIABLES POLITICAL ECONOMY POSITIVE COEFFICIENT PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTIONISM PURCHASING POWER STANDARD DEVIATION STATE POLICIES TECHNOLOGY FRONTIER TFP TOTAL FACTOR PRODUCTIVITY |
| spellingShingle |
BLACK MARKET BLACK MARKET PREMIUM CAPITA INCOME CAPITAL INVESTMENTS COUNTRY GROWTH PERFORMANCE DIMINISHING RETURNS ECONOMIC ACTIVITY ECONOMIC RESEARCH ECONOMIC REVIEW EMPIRICAL RESEARCH EXTERNALITIES FACTOR ACCUMULATION FOREIGN TRADE GDP GDP PER CAPITA GEOGRAPHIC CONCENTRATION GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES HUMAN CAPITAL INTERMEDIATE GOODS LONG RUN MACROECONOMICS MARKET SHARE MEASUREMENT ERROR MONETARY ECONOMICS NATIONAL POLICIES PER CAPITA INCOME POLICY CHANGES POLICY VARIABLES POLITICAL ECONOMY POSITIVE COEFFICIENT PRODUCTIVITY GROWTH PROPERTY RIGHTS PROTECTIONISM PURCHASING POWER STANDARD DEVIATION STATE POLICIES TECHNOLOGY FRONTIER TFP TOTAL FACTOR PRODUCTIVITY Klenow, Pete Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| description |
William Easterly and Ross Levine
document five stylized facts about growth and argue that
they imply a bigger role for total factor productivity (tfp)
and technology than for physical and human capital. The
reader agrees with the first four of their facts and
believes facts one and three provide strong support for
their conclusion that tfp should be the focus of growth research. |
| format |
Journal Article |
| author |
Klenow, Pete |
| author_facet |
Klenow, Pete |
| author_sort |
Klenow, Pete |
| title |
Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| title_short |
Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| title_full |
Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| title_fullStr |
Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| title_full_unstemmed |
Comment on 'It's Not Factor Accumulation : Stylized Facts and Growth Models,' by William Easterly and Ross Levine |
| title_sort |
comment on 'it's not factor accumulation : stylized facts and growth models,' by william easterly and ross levine |
| publisher |
Washington, DC: World Bank |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2001/05/17737131/comment-not-factor-accumulation-stylized-facts-growth-models-william-easterly-ross-levine-learned-decade-empirical-research-growth http://hdl.handle.net/10986/17441 |
| _version_ |
1764433156094558208 |