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B. Böhm:
"Investment and Productivity Growth: Some empirical observations";
Talk: International Workshop on Competition, Innovation and Productivity, Sophia-Antipolis, France; 2005-12-19 - 2005-12-20.

This paper proposes a simple model composed of an equation explaining investment growth per employment and a productivity growth relationship. It shall serve as a vehicle to investigate the dynamics of changing growth paths. While descriptive analysis of the growth rates of such time series on a disaggregated level has typically shown cyclical movements or structural cycles, the process of identifying growth traverses in two variables of central importance for the growth process has not received much attention. Instead of analysing the full set of economic sectors of an economy this paper will concentrate on the aggregate. While a previous paper has used the smooth transition approach to explore the nonlinear features of traverse behaviour, the present work will apply a simple partition of the "framework space" to an examination of the traverses in a small set of European countries.