This article reviews The Power of Productivity by William W. Lewis and Transforming the European Economy by Martin Neil Baily and Jacob Funk Kirkegaard. While Lewis postulates a single silver bullet for productivity growth, namely the freedom of consumers, Baily and Kirkegaard advocate a broader...

The presence of foreign multinational enterprises (MNEs) should benefit local economies. In particular if MNEs are particularly productive compared to domestic firms they may promote learning and catch-up of local firms. Such channel of spillovers from MNEs to local firms is known as the Veblen...

This paper compares the role of innovation and economic performance across European and Latin American countries, using firm level data from France, Spain, Switzerland, Argentina, Brazil and Mexico. We implement a standard structural model linking R&D intensity, innovation and productivity. We...

This article highlights intangible capital, management practices, and human capital as areas for future productivity research. It also stresses the importance of developing reliable productivity estimates for emerging and developing countries, and of enhancing collaboration between national...

En este trabajo se analizan la eficiencia nacional y regional y la productividad total de los factores de los hoteles españoles. La metodología frontera no paramétrica DEA se ha empleado para evaluar los niveles de eficiencia con los que operan las empresas hoteleras y los índices de...

Using panel data of 57 countries during the period of 1995-2012, this study investigates the impact of intellectual property rights (IPR) processes on productivity growth. The IPR processes are decomposed into three stages, innovation process, commercialization process, and IPR protection...

The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of...

In this paper, we construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components of our...

The purpose of this paper is to empirically determine the effects of political instability on economic growth. By using the system-GMM estimator for linear dynamic panel data models on a sample covering up to 169 countries, and 5-year periods from 1960 to 2004, we find that higher degrees of...

Legal simplification may improve the quality of institutions in industrialised countries that developed over-complex legal systems. In theory, this type of regulatory reform promotes economic efficiency, leading to higher levels of productivity and output. In this paper we use a Panel...