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in Asia during the 1990s is found to be mainly from capital deepening. Total factor productivity (TFP) is also decomposed …
Persistent link: https://www.econbiz.de/10005768879
finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity …This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …
Persistent link: https://www.econbiz.de/10005826110
potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …
Persistent link: https://www.econbiz.de/10011142066
Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends … reductions in TFP growth. These results have important policy implications, including that low productivity growth in some …
Persistent link: https://www.econbiz.de/10011242298
institutional change in a context of technological innovation. When decisions are made through majority voting, the vote on …
Persistent link: https://www.econbiz.de/10008528612
This paper studies the effect of individual uncertainty on collective decision-making to implement innovation. We show … Fernandez and Rodrik (1991). Blocking innovation is rooted in the aversion to the potential loss of political clout in future …-monotonic relationship between institutional efficiency and the size of innovation. …
Persistent link: https://www.econbiz.de/10008528646
By the end of 2007, Chile's total factor productivity was lower than ten years earlier, a performance that contrasted … sharply with the previous decade, when productivity grew by a cumulative 30 percent. This paper assesses productivity trends … in Chile, by decomposing productivity into investment-specific technological change (associated with improvements in the …
Persistent link: https://www.econbiz.de/10008497610
While production of ICT equipment plays a subordinate role for economic growth in most of these countries, they do benefit from capital deepening arising from falling prices of ICT equipment. Adapting established growth accounting approaches to the data environment of low-income countries, we...
Persistent link: https://www.econbiz.de/10008470403
This paper assesses productivity trends in Canada vis-a-vis the United States from two perspectives. The first one is … based on estimates of total factor productivity. The second one decomposes productivity growth into two sources: investment … underlying cause of the pickup in productivity in Canada and the narrowing of the productivity gap with the United States. …
Persistent link: https://www.econbiz.de/10005248234
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