Showing 1 - 10 of 172
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 …
Persistent link: https://www.econbiz.de/10005826110
This paper analyzes the factors behind the recent growth of India's services sector. The high growth of services output in the 1990s was mostly due to the rapid expansion of communication, banking, business services (including the IT sector) and community services. While factors such as a high...
Persistent link: https://www.econbiz.de/10005264131
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that … points. This paper tests the hypothesis of the J curve of Productivity and Growth following major liberalization and finds it … result in negative effects on measured productivity. …
Persistent link: https://www.econbiz.de/10009203553
This paper studies the main determinants of total factor productivity (TFP) growth using principal component analysis … rationalizing government size, shifting resources from low-productivity sectors to higher ones, and encouraging women to enter the …
Persistent link: https://www.econbiz.de/10008540917
€“Douglas production technology and total factor productivity. The main conclusion is that French trend growth indeed increased during the … of total factor productivity growth. …
Persistent link: https://www.econbiz.de/10005599103
Chile’s average economic growth between 1990 and 1998 was above 7 percent per year, more than double than in previous decades, and higher than in any other Latin American country in the same period. This paper assesses empirically the main hypotheses suggested in the literature about the...
Persistent link: https://www.econbiz.de/10005599638
difference is in labor productivity differentials between services and the rest of the economy. Specifically, the gap between … labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low …'s provinces suggests that credit and labor market frictions have inhibited labor productivity growth in services relatively more …
Persistent link: https://www.econbiz.de/10010790282
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
After a short-lived slowdown in the immediate aftermath of the global financial crisis and a swift rebound, emerging markets (EM) are now entering a period of slower growth. In fact, growth is now lower than the post-crisis peak of 2010-11, as well as the rates seen in the decade before the...
Persistent link: https://www.econbiz.de/10010878427
Ireland and Spain, reflecting in part a higher amplitude of residential construction. However, the boom- bust cycle has …
Persistent link: https://www.econbiz.de/10011244480