Enhancing Productivity Growth.

Summary This chapter looks at the determinants of productivity growth, based on the following two questions. First, how can we enhance productivity growth in advanced versus emerging market economies? Second, is there something to learn from observing the big technological waves and their diffusion patterns across different countries? We first present a simple framework to think about the sources of productivity growth. We then look at the sources of productivity growth in advanced countries, and we then turn our attention to the sources of productivity growth in emerging market economies. We finally analyze the technological waves and draw a few lessons from comparing the differences in their diffusion patterns across countries.