--- canonical_url: "https://csls.ca/ipm-archive/issue-7/the-sources-of-economic-growth-in-oecd-countries-a-review-article/" title: "The Sources of Economic Growth in OECD Countries: A Review Article" author: name: "CSLS" url: "https://csls.ca/author/cslc/" date_published: "2026-07-13T05:43:08+00:00" date_modified: "2026-07-13T06:41:30+00:00" post_type: "ipm" summary: "" ipm_issue_period: - "Fall 2003" ipm_keyword: - "economic growth" - "firm dynamics" - "GDP per capita" - "human capital" - "labour productivity" - "labour utilization" - "OECD" - "R&D" - "review article" - "trade" ipm_research_theme: - "Policy and institutions" ipm_country_focus: - "Canada" - "International" - "OECD" - "United States" featured_image: "https://csls.ca/wp-content/uploads/2026/06/IPM_50_banner.webp" status: "publish" --- # The Sources of Economic Growth in OECD Countries: A Review Article Canonical URL: https://csls.ca/ipm-archive/issue-7/the-sources-of-economic-growth-in-oecd-countries-a-review-article/ # The Sources of Economic Growth in OECD Countries: A Review Article [Download full PDF article](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-7-8-Baily.pdf) Cite this article × Cite this article as: Baily, Martin. 2003. “The Sources of Economic Growth in OECD Countries: A Review Article.” International Productivity Monitor, No. 7 (Fall 2003): 66–70. https://www.csls.ca/ipm-archive/issue-7/the-sources-of-economic-growth-in-oecd-countries-a-review-article/ ## Author: - Martin Baily Institute for International Economics ## IPM Issue 7 Fall 2003 pp. 66–70 ## Related IPM articles [Is the SNA Still Useful? A Review Article on The Measure of Progress: Counting What Really Matters Paul Schreyer Fall 2025 | IPM Issue 49 | pp. 116–124](https://csls.ca/ipm-archive/ipm-issue-49/is-the-sna-still-useful-a-review-article-on-the-measure-of-progress-counting-what-really-matters/) [Labour Productivity as a Measure of Technological Change Ulrich Kohli Fall 2025 | IPM Issue 49 | pp. 64–81](https://csls.ca/ipm-archive/ipm-issue-49/labour-productivity-as-a-measure-of-technological-change/) [Adult Skills and Productivity: New Evidence from PIAAC 2023 Dan Andrews, Balázs Égert, Christine de La Maisonneuve Fall 2025 | IPM Issue 49 | pp. 41–63](https://csls.ca/ipm-archive/ipm-issue-49/adult-skills-and-productivity-new-evidence-from-piaac-2023/) [The Potential Impact of Pro-competitive Regulatory Reforms on Productivity and Growth in Canada Gilbert Cette, Jimmy Lopez, Giuseppe Nicoletti, Océane Vernerey Fall 2025 | IPM Issue 49 | pp. 3–40](https://csls.ca/ipm-archive/ipm-issue-49/the-potential-impact-of-pro-competitive-regulatory-reforms-on-productivity-and-growth-in-canada/) [IPM Issue 49 Editors’ Overview Andrew Sharpe, Bart van Ark, Paul Schreyer Fall 2025 | IPM Issue 49 | pp. 1–2](https://csls.ca/ipm-archive/ipm-issue-49/) [The Challenges of Productivity Measurement — Review Article on The Measure of Economies: Measuring Productivity in an Age of Technological Change Chad Syverson Spring 2025 | IPM Issue 48 | pp. 139–143](https://csls.ca/ipm-archive/ipm-issue-48/the-challenges-of-productivity-measurement-review-article-on-the-measure-of-economies-measuring-productivity-in-an-age-of-technological-change/) [Opportunities and Risks of Artificial Intelligence for Productivity Francesco Filippucci, Peter Gal, Katharina Laengle, Matthias Schief, Filiz Unsal Spring 2025 | IPM Issue 48 | pp. 1–26](https://csls.ca/ipm-archive/ipm-issue-48/opportunities-and-risks-of-artificial-intelligence-for-productivity/) [Climate Change and Productivity — An Exploration Dirk Pilat Fall 2024 | IPM Issue 47 | pp. 54–86](https://csls.ca/ipm-archive/ipm-issue-47/climate-change-and-productivity-an-exploration/) [Could Domestic Industrial Policies, Even With Global Fragmentation, Revive Productivity? Catherine Mann Fall 2024 | IPM Issue 47 | pp. 3–19](https://csls.ca/ipm-archive/ipm-issue-47/could-domestic-industrial-policies-even-with-global-fragmentation-revive-productivity/) [Accounting for the Decline of Canada’s Real GDP Per Capita since Mid-2022 Philip Smith Spring 2024 | IPM Issue 46 | pp. 83–100](https://csls.ca/ipm-archive/ipm-issue-46/accounting-for-the-decline-of-canadas-real-gdp-per-capita-since-mid-2022/) ## Abstract ## Résumé EN FR Copy link Email LinkedIn This review article examines the OECD’s 2003 report The Sources of Economic Growth in OECD Countries, which summarizes the findings of the OECD Growth Project. Key findings highlighted include: widening disparities in GDP per capita growth across OECD countries in the 1990s driven largely by differences in labour utilization; the importance of physical and human capital investment, sound macro policies, and trade openness for growth; the finding that a 10 percentage point increase in trade exposure raises output per person by 4 percentage points; and evidence from industry-level analysis on the role of firm dynamics and entry and exit in driving productivity growth. Cet article de recension examine le rapport de l’OCDE de 2003 Les sources de la croissance économique dans les pays de l’OCDE, qui résume les conclusions du Projet de croissance de l’OCDE. Parmi les principaux constats mis en lumière figurent : le creusement des disparités dans la croissance du PIB par habitant entre les pays de l’OCDE dans les années 1990, principalement attribuable à des différences dans l’utilisation de la main-d’œuvre; l’importance de l’investissement physique et en capital humain, de politiques macroéconomiques saines et de l’ouverture au commerce pour la croissance; la constatation qu’une augmentation de 10 points de pourcentage de l’exposition au commerce accroît la production par habitant de 4 points de pourcentage; et des données issues d’une analyse sectorielle sur le rôle de la dynamique des entreprises et de l’entrée et de la sortie dans la stimulation de la croissance de la productivité. [Download full PDF](https://csls.ca/wp-content/uploads/2026/07/IPM-Issue-7-8-Baily.pdf)