@techreport{NBERw8713,
 title = "Technological Diffusion, Conditional Convergence, and Economic Growth",
 author = "David E. Bloom and David Canning and Jaypee Sevilla",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "8713",
 year = "2002",
 month = "January",
 URL = "http://www.nber.org/papers/w8713",
 abstract = {Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences in geography and institutions. TFP differentials explain a large part of cross-country income differences in our model; our estimates of the rate of return to capital, labor and schooling are completely consistent with micro-economic studies, implying the absence of externalities in aggregate production.},
}