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labor force participation is positively associated with labor productivity growth. Using panel data for 10 Canadian … educational attainment would raise Canada's overall labor productivity growth by 0.2 to 0.3 percentage point a year. This suggests …
Persistent link: https://www.econbiz.de/10012950374
Going forward, Korea faces two closely related challenges: sustaining economic growth against the backdrop of a rapidly aging population and ameliorating income inequality. This paper argues that a gradual increase in social spending could promote more sustainable and inclusive growth in Korea....
Persistent link: https://www.econbiz.de/10013098277
spending boosts output in the short run. It argues against the importance of long term productivity effects, as these are …
Persistent link: https://www.econbiz.de/10013047972
Adverse demographics and other structural weaknesses impinge on Korea's long-term fiscal outlook and potential growth. Moreover, inadequate social protection is creating poverty and dampening consumption. The paper presents projections of Korea's fiscal outlook, using new estimates of potential...
Persistent link: https://www.econbiz.de/10012918473
Korea is facing mounting economic challenges. Productivity growth has been on a trend decline amid demographic …
Persistent link: https://www.econbiz.de/10012924258
time, industry-level analysis suggests ample scope to raise productivity, especially in services where productivity gains …
Persistent link: https://www.econbiz.de/10013302780
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 …
Persistent link: https://www.econbiz.de/10013065148
While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...
Persistent link: https://www.econbiz.de/10012840222
that China's productivity convergence remains at an early stage, with the industrial sector more advanced than services …
Persistent link: https://www.econbiz.de/10012843511
provides evidence of a significant and negative relationship between total public debt and productivity growth. Looking at the … specific channels through which high debt affects productivity growth and the allocation of resources in Jamaica, the study … excessively on a few maturing sectors with limited scope for productivity growth. Furthermore, public investment has been crowded …
Persistent link: https://www.econbiz.de/10012778208