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used determinants of total factor productivity, a measure of the effect of labor reallocation and an index of economic … suggest that growth will depend, to a large extent, on educational investments and productivity gains in agriculture. …
Persistent link: https://www.econbiz.de/10005264099
The paper presents evidence that the contribution of differences in total factor productivity (TFP) to income …
Persistent link: https://www.econbiz.de/10008533234
sectors. The paper also analyzes accumulation of factors of production and total factor productivity growth through a growth …
Persistent link: https://www.econbiz.de/10005825232
We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...
Persistent link: https://www.econbiz.de/10008777021
This note is on Korea’s transition to a knowledge-based economy, the prospects and challenges ahead, and the development of its financial sector. Assessment of recent government initiatives to develop capital markets has been presented. The note discusses restrictions on Chaebol ownership...
Persistent link: https://www.econbiz.de/10011243724
(FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …
Persistent link: https://www.econbiz.de/10005263684
productivity, and than uses a panel regression framework to analyze the growth impact of changes in various factors. Finally …
Persistent link: https://www.econbiz.de/10005769050
As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth …
Persistent link: https://www.econbiz.de/10008777031
Consumption in China is unusually low and has continued to decline as a share of GDP over the past decade. A key policy …
Persistent link: https://www.econbiz.de/10008561091
This paper uses the Shapley Value decomposition technique to assess the factors behind the rise of inequality in China …. It finds that, in many ways, inequality may have been an inevitable by-product of China’s investment and export …. Across China’s provinces, divergences in per capita incomes are driven by the relative level of capital-intensity, public …
Persistent link: https://www.econbiz.de/10010790266