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Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence

By Subodh Kumar and R. Robert Russell

American Economic Review, June 2002

We decompose labor-productivity growth into components attributable to (1) technological change (shifts in the world production frontier), (2) technological catch-up (movements toward or away from the frontier), and (3) capital accumulation (movement alon...