New estimates of total factor productivity growth for developing and industrial countries - Nehru, Vikram; Dhareshwar, Ashok M (Washington, D.C. : World Bank, International Economics Dept., 1994)
An error correction model using new data on human and physical capital stock, is used to estimate the growth of total factor productivity for 83 countries for 1960-87. The results show that human capital accumulation explains more cross- country variations in growth than previously thought. And cross- country differences in total factor productivity growth can be attributed mostly to differences in initial conditions and political stability
Keywords: Production (Economic theory); Human capital