EconPapers    
Economics at your fingertips  
 

Permanent International Productivity Growth Differentials in an Integrated Global Economy

Willem Buiter and Kenneth Kletzer

No 4220, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper analyzes the role of differences in household behavior as a source of persistent and even permanent differences between national or regional productivity growth rates, when there are constant static returns to scale in production and costless international diffusion of technology. A binding self-financing constraint on human capital formation can account for permanent international productivity growth differentials. An alternative mechanism is the nontradedness of an essential input, such as human capital, in the growth process. Differences in national policies toward private saving (whether through lump-sum intergenerational redistribution or through the taxation of financial asset income), toward the subsidization of human capital formation (student loans) and toward the free provision of public sector inputs in the human capital formation process also influence the long-run growth differentials.

Date: 1992-11
Note: ITI EFG
References: Add references at CitEc
Citations: View citations in EconPapers (5)

Published as Scandinavian Journal of Economics, vol 95, no. 4, 1993, pp. 467-493

Downloads: (external link)
http://www.nber.org/papers/w4220.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:4220

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w4220

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2025-03-19
Handle: RePEc:nbr:nberwo:4220