Very important paper about the patterns of Total Factor Productivity growth!

What a cool paper! A useful reference is the classic Alwyn Young paper finding that TFP growth was not extraordinary during the Asian growth miracles and much of the growth was factor accumulation

Great paper!! Though I am starting to wonder if there is a theme to mainstream econ of getting things last, i.e. later than other disciplines and public opinion.Some recent examples: importance of institutions, iraq war, climate change, power, inequality, now linear growth…

That is a new and quite interesting paper by Thomas Philippon.