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There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
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profoundly influenced by the challenges of slowing productivity growth, increasing economic inequalities and systemic … regional economic integration literature, this comprehensive book identifies the set of drivers of integration for productivity … slowing productivity growth, increasing economic inequalities and systemic vulnerabilities. Such structural reform issues will …
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A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian … countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then … explore and evaluate the various possible explanations for the decline in investment. In our empirical analysis, which expands …
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This paper surveys the empirical literature on total factor productivity (TFP) and the sources of growth in the East …
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