Showing 1 - 10 of 1,228
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10012463681
This paper analyzes the role of specialized high-skilled labor in the growth of the service sector as a share of the total economy. Empirically, we emphasize that the growth has been driven by the consumption of services. Rather than being driven by low-skill jobs, the importance of...
Persistent link: https://www.econbiz.de/10012463825
-house confers a sector-neutral productivity advantage facilitating within-firm structural transformation. Consistent with the model …
Persistent link: https://www.econbiz.de/10013334346
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications … higher rates of physical capital accumulation and greater total factor productivity gains. These (relatively) high rates of …. Coupled with the fact that within-industry productivity gaps are enormous, this suggests that convergence will take a long …
Persistent link: https://www.econbiz.de/10012467642
The present study is the third in a series of three papers devoted to issues in the measurement of productivity and … productivity growth. The major findings are as follows. First, this study shows that the new data set used here, which develops … useful supplement to existing data sets. Second, there has clearly been a rebound in labor-productivity growth in recent …
Persistent link: https://www.econbiz.de/10012470633
productivity angle.In looking at a set of high-growth economies of the past, the Growth Report 2008 identified common … total factor productivity to growth is on a declining path.The structural shift of the Ghanaian economy into services and … marginally contributes to labor productivity growth.Second, concentration of economic activity in natural resources increase …
Persistent link: https://www.econbiz.de/10012646743
This note takes stock of productivity trends of the Albanian non-agricultural private sector using granular firm …-level data. To understand better the sources of jobs and productivity growth, this note analyzes firm-level data from the … employment and productivity gaps remain. Between 2006 and 2016 the country has seen a doubling of its formal private sector …
Persistent link: https://www.econbiz.de/10012647191
Starting from the same level of productivity and per-capita income as the United States in the mid-nineteenth century … productivity has almost converged, its income per person has leveled off at about three-quarters of America's. How could Europe be …
Persistent link: https://www.econbiz.de/10012468028
U.S. labor and total-factor productivity growth slowed prior to the Great Recession. The timing rules out explanations … intensively, consistent with a return to normal productivity growth after nearly a decade of exceptional IT-fueled gains. A … calibrated growth model suggests trend productivity growth has returned close to its 1973-1995 pace. Slower underlying …
Persistent link: https://www.econbiz.de/10012458418
the labor productivity of workers across the age distribution, while one-third arises from slower labor force growth. Our …
Persistent link: https://www.econbiz.de/10012456225