RT Generic
A1 Scarpetta, Stefano
A1 Bassanini, Andrea
A1 Pilat, Dirk
A1 Schreyer, Paul
T1 Economic Growth in the OECD Area
JF OECD Economics Department Working Papers
YR 2000
FD Jun 19
K1 economic growth
K2 productivity
K3 investment
K4 human capital
AB This paper discusses growth performance in the OECD countries over the past two decades. Special attention is given to developments in labour productivity, allowing for human capital accumulation, and multifactor productivity (MFP), allowing for changes in the composition and quality of physical capital. The paper suggests wide (and growing) disparities in GDP per capita growth, while differences in labour productivity have remained broadly stable. These patterns are explained by different employment growth rates across countries. In the most recent years, a rise in MFP growth in ICT-related industries has boosted aggregate growth in some countries (e.g. the United States) ...
PB Organisation for Economic Co-operation and Development
DO 10.1787/843888182178
UL http://www.oecd-ilibrary.org/;jsessionid=h1mps94pmrj2.x-oecd-live-01content/workingpaper/843888182178