growth from total factor productivity has been minor, while the high population growth poses a significant challenge to …

This paper investigates the role played by total factor productivity (TFP) in the tradable and nontradable sectors of … the United States, the euro area, and Japan in the emergence and evolution of today's global trade imbalances. Simulation … 1999, as well as account for some the surpluses in the euro area and Japan. Differences in TFP developments across sectors …

indicate that declines in factor inputs and productivity were both important determinants of the output fall. The contribution … of the productivity drop was critical, but smaller than previously reported. Possible causes of the reduction in … productivity are assessed using data on sub-national regions within Russia. Privatization and entry of private firms are found to …

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 …

-term potential estimates have risks on both sides: productivity gains and investment could be volatile, but determined reforms could … sustain strong productivity growth. …

is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant … contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many … are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and …

the next five years. The reasons behind this slowdown differ across the region. Lower productivity growth drives the … productivity growth is key to unlocking the region’s higher growth potential. For oil importers, raising physical capital …

the features that hamper job growth, investment, and productivity growth. This paper analyzes the impact of Basel III …