PART II Regional Dimensions of Productivity

PA R T I I

Regional Dimensions of Productivity

Divergence in relative productivity levels and living standards is the dominant feature of modern economic history.

Lant Pritchett (1997) Visiting Scholar, Blavatnik School of Government, University of Oxford

In the search for the secrets of long-run economic growth, a high priority should go to rigorously defining TFP [total factor productivity], empirically dissecting it, and identifying the policies and institutions most conducive to its growth.

William Easterly and Ross Levine (2001) Professor of Economics and Co-Director of the NYU Development Research Institute, New York University William H. Booth Chair in Banking and Finance, Haas School of Business, University of California, Berkeley