Productivity Convergence: Theory and Evidence

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AuthorEdward N Wolff
PublisherCambridge University Press
PublishedDec 07 2013
Book FormatHardcover
ISBN-139780521662840
Dimensions9 X 5.9 X 1.4 inches
Weight 1.8 pounds
BISAC
CategoriesBusiness & Economics > Development - Economic Development
LanguageEnglish

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Book Description

A vast new literature on the sources of economic growth has now accumulated. This book critically reviews the most significant works in this field and summarizes what is known today about the sources of economic growth. The first part discusses the most important theoretical models that have been used in modern growth theory as well as methodological issues in productivity measurement. The second part examines the long-term record on productivity among Organisation for Economic Co-operation and Development (OECD) countries, considers the sources of growth among them with particular attention to the role of education, investigates convergence at the industry level among them, and examines the productivity slowdown of the 1970s. The third part looks at the sources of growth among non-OECD countries. Each chapter emphasizes the factors that appear to be most important in explaining growth performance.

Author Bio

Edward N. Wolff is a professor of economics at New York University and a research associate at the National Bureau of Economic Research. He works within the Levy Institute’s distribution of income and wealth program, and was involved in the development of the Levy Institute Measure of Economic Well-Being.

His principal research areas are the distribution of income and wealth, and productivity growth. Wolff is the author of numerous books, including:

Inheriting Wealth in America: Future Boom or Bust? (Oxford University Press, 2015);
Productivity Convergence: Theory and Evidence, Cambridge Surveys of Economic Literature Series (Cambridge University Press, 2014);
Productivity Growth: Industries, Spillovers and Economic Performance (with T. ten Raa; Edward Elgar Publishers, 2012);
The Transformation of the American Pension System: Was It Beneficial for Workers? (W. E. Upjohn Institute for Employment Research, 2011);
Does Education Really Help? Skill, Work, and Inequality (Oxford University Press, 2006);
Retirement Income: The Crucial Role of Social Security (with C. Weller; Economic Policy Institute, 2005);
Downsizing in America: Reality, Causes, and Consequences (with W. J. Baumol and A. S. Blinder; Russell Sage Foundation, 2003);
Retirement Insecurity: The Income Shortfalls Awaiting the Soon-to-Retire (Economic Policy Institute, 2002);
Top Heavy: A Study of the Increasing Inequality of Wealth in America (Twentieth Century Fund Press, 1995);
Competitiveness, Convergence, and International Specialization (with D. Dollar; The MIT Press, 1993);
Productivity and American Leadership: The Long View (with W. J. Baumol and S. B. Blackman; The MIT Press, 1989); and
Growth, Accumulation, and Unproductive Activity: An Analysis of the Postwar US Economy (Cambridge University Press, 1987).

He is a past managing editor of the Review of Income and Wealth.

Research Interests

Distribution of Income and Wealth

Education