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Sector-Level Productivity, Structural Change, and Rebalancing in China
Nabar, Malhar - 2013
This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While patterns of structural transformation across China's provinces are broadly in line with international experience, one important difference is in labor productivity differentials...
Persistent link: https://www.econbiz.de/10013071364
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A New Look at the Determinants of Growth in Asian Countries
Ghazanchyan, Manuk - 2015
This study examines the drivers of growth in Asian countries, with focus on the role of investment, the exchange rate regime, financial risk, and capital account openness. We use a panel data set of a sample of Asian countries over the period 1980 to 2012. Our results indicate that private and...
Persistent link: https://www.econbiz.de/10013013822
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Growth-Equity Trade-Offs in Structural Reforms
Ostry, Jonathan D. - 2018
Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering advanced, emerging-market, and low-income countries. Our main finding is that there is indeed...
Persistent link: https://www.econbiz.de/10012929912
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The Elusive Quest for Inclusive Growth : Growth, Poverty, and Inequality in Asia
Balakrishnan, Ravi - 2013
This paper assesses how pro-poor and inclusive Asia's recent growth has been, and what factors have been driving these …, dampening the impact of growth on poverty reduction. As a result, relative to other emerging and developing regions and to Asia … policies that could help redress these trends and broaden the benefits of growth in Asia. These include fiscal policies to …
Persistent link: https://www.econbiz.de/10013079257
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Sharing the Growth Dividend : Analysis of Inequality in Asia
Jain-Chandra, Sonali - 2016
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income … inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with …
Persistent link: https://www.econbiz.de/10012995280
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Factor Endowment, Structural Coherence, and Economic Growth
Che, Natasha Xingyuan - 2012
This paper studies the linkage between structural coherence and economic growth. Structural coherence is defined as the degree that a country's industrial structure optimally reflects its factor endowment fundamentals. The paper found that at least for the overall capital, the shares of capital...
Persistent link: https://www.econbiz.de/10013098637
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Structural Transformation and the Volatility of Aggregate Output in OECD Countries
Lonkeng Ngouana, Constant - 2013
This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD — after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more...
Persistent link: https://www.econbiz.de/10013085618
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Innovation, Deregulation, and the Life Cycle of a Financial Service Industry
Hayashi, Fumiko - 2015
This paper examines innovation, deregulation, and firm dynamics over the life cycle of the U.S. ATM and debit card industry. In doing so, we construct a dynamic equilibrium model to study how a major product innovation (introducing the new debit card function) interacted with banking...
Persistent link: https://www.econbiz.de/10013015590
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Corporate Restructuring and its Macro Effects
Shin, Jongsoon - 2017
This paper describes issues in Korea's corporate sector, the need for restructuring, and the authorities' initiatives and challenges. It then identifies lessons from other countries' experience and conducts an econometric analysis based on cross-country aggregate data,compared with previous...
Persistent link: https://www.econbiz.de/10012961473
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Rethinking Development Policy : Deindustrialization, Servicification and Structural Transformation
Atolia, Manoj - 2018
This paper takes a fresh look at the current theories of structural transformation and the role ofprivate and public fundamentals in the process. It summarizes some representative past andcurrent experiences of various countries vis-a-vis structural transformation with a focus on theroles of...
Persistent link: https://www.econbiz.de/10012909402