, highlighting the dichotomy between productivity-driven long-run growth and short-run deviations from the underlying growth …

is relatively high, there is limited employment of nationals in the private sector, labor productivity has declined or …

This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …