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factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
Persistent link: https://www.econbiz.de/10011451098
This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
Persistent link: https://www.econbiz.de/10012625868
(agriculture, manufacturing and services) characterized by different productivity gains and by saturation levels in the demands of …
Persistent link: https://www.econbiz.de/10011819388
of sectoral labor input and total factor productivity trend growth variation on the persistent decline in long-run output …-term decline. Zooming into the reunification period, we find a pronounced decline of total factor productivity growth in …
Persistent link: https://www.econbiz.de/10014528208
knowledge sector is bounded, as productivity increases, the economy moves from a Solovian zone where wages increase with … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from profits to …
Persistent link: https://www.econbiz.de/10011398011
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10010531112
persons for the years 1980, 1990 and 2000, and world poverty rates for the same years. It also presents the results of a … growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …
Persistent link: https://www.econbiz.de/10011514125
This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions …-income poverty à la capability approach of Amartya Sen) allows a rich discussion of policy interventions. While both orientations as … to the concepts of poverty, inequality and institutions are expounded on a priori reasoning, empirical analysis with LAC …
Persistent link: https://www.econbiz.de/10011514135
ominous messages for using equitable growth in fighting poverty. Rapid growing developing economies need to adopt appropriate … crucial to ensure more equity and social stability. -- growth ; inequality ; poverty ; East Asia and the Middle East …
Persistent link: https://www.econbiz.de/10009630652
stemming from reallocation induced by structural change. At the same time, productivity growth within the input-output network …
Persistent link: https://www.econbiz.de/10014285534