Sources of Long-Term Growth and Productivity Developments

This document is a research report that presents a comparative analysis of long-term growth and productivity developments from 1950 to 2023. It discusses the research setting, motivation, and literature review, highlighting the limitations of existing studies that primarily focus on advanced economies and specific regions. The report introduces a new dataset covering 130 economies, including advanced, emerging, and low-income developing countries. It outlines a growth accounting framework that identifies drivers of growth components and policy implications. The analysis includes growth decomposition in the long term, examining factors such as capital stock, labor quality, and technology adoption. Additionally, the report identifies 'escapers' of the income trap, categorizing economies based on GDP per capita and industrialization indices. The findings indicate trends in GDP growth and productivity across different economies, emphasizing the importance of capital efficiency and technological advancement in driving growth. The document concludes with policy recommendations based on the identified drivers of growth.