Productivity Revisited : Shifting Paradigms in Analysis and Policy

Cover -- Half Title -- Title -- Copyright -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Executive Summary: The Elusive Promise of Productivity -- 1. The Elusive Promise of Productivity -- The Twin Productivity Puzzles -- The Current Productivity Conjuncture -- The Mechanisms of Productivity Growth: Second-Wave Analysis -- Plan of the Volume -- Notes -- References -- 2. Enhancing Firm Performance -- New Thinking about Within-Firm Productivity -- Firm Performance: Beyond Efficiency -- Concluding Remarks -- Annex 2A. Quality and Physical Total Factor Productivity Estimation -- Notes -- References -- 3. Misallocation, Dispersion, and Risk -- Reconsidering the Hsieh-Klenow Model -- What Else Could Be Driving Dispersion? -- Dynamic Effects of Distortions -- Concluding Remarks -- Notes -- References -- 4. Entry and Exit: Creating Experimental Societies -- Drivers of Entry and Exit -- Moving from Opportunity to Entrepreneurship -- Operating Environment -- Capabilities of Entrepreneurs -- Concluding Remarks -- Notes -- References -- 5. Productivity Policies -- Summary of Main Lessons from the Second Wave of Productivity Analysis -- The National Productivity System -- Government Productivity and Policy Making -- Concluding Remarks -- Annex 5A. Policy Coherence and Effectiveness Supporting Productivity Growth: A Proposal for World Bank Productivity Public Expenditure Reviews -- Notes -- References -- Appendix A. Measuring the Productivity Residual: From Theory to Measurement -- Boxes -- 1.1 Are the Current Productivity Lags Just the Calm before the Next Productivity Storm? -- 1.2 Structural Transformation Decompositions -- 4.1 Successful Industrializers "Got Out" Early and Often -- 4.2 Capital Market Development and the Facilitation of Exit-Novo Mercado in Brazil -- 4.3 Is Inherited Culture Stymying Experimentation?