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productivity. With policies capable of generating 5 percent growth, Mauritius could reach high-income status in 2021, 4 years … predict stagnation (Meade, 1961). We use growth accounting to analyze the sources of past growth and project potential ranges … of growth through 2033. Growth averaged 4½ percent over the past 20 years. Our baseline suggests future growth rates …
Persistent link: https://www.econbiz.de/10011142138
growth-friendly fiscal reforms. …
Persistent link: https://www.econbiz.de/10011142132
contribution of total factor productivity (TFP) to growth is largely responsible for the slowdown in trend growth in many SMICs …, which highlights the need for policy actions to reinvigorate productivity growth. This paper explores the question of what … kind of structural policies could boost productivity growth in SMICs and the political economy factors that may be …
Persistent link: https://www.econbiz.de/10011123829
the likelihood of transiting from wage-and-salary to self-employment. Finally, there is no evidence of higher district …
Persistent link: https://www.econbiz.de/10005825772
. Sophisticated sectors are more likely to act as a catalyst for broad-based economic growth, rather than turning into isolated …
Persistent link: https://www.econbiz.de/10009654173
from a take-off in domestic productivity of the magnitude observed in some of these countries. …
Persistent link: https://www.econbiz.de/10005605034
rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom …The purpose of this paper is to empirically determine the effects of political instability on economic growth. Using … from 1960 to 2004, we find that higher degrees of political instability are associated with lower growth rates of GDP per …
Persistent link: https://www.econbiz.de/10008839352
rigidities appear to be reducing Canada's capacity for creative destruction, hence undermining productivity growth. … seemingly poor productivity performance, this paper examines job and firm dynamics in Canada relative to the United States …
Persistent link: https://www.econbiz.de/10005263929
generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise … in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly … supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U …
Persistent link: https://www.econbiz.de/10008727811
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It … finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity … encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a …
Persistent link: https://www.econbiz.de/10005826110