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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 paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...
Persistent link: https://www.econbiz.de/10011123863
potential growth, largely reflecting a decline of total factor productivity (TFP) growth; (ii) by contrast, trend growth for the …
Persistent link: https://www.econbiz.de/10011142066
Korea’s rapid growth has slowed in recent years, suggesting lower potential growth. This paper uses an array of techniques, including statistical filters, a multivariate model and the production function, to estimate Korea’s potential growth. The main finding is that trend growth...
Persistent link: https://www.econbiz.de/10011142072
sectors are weighed down by the structural barriers that have depressed productivity more broadly. Italy’s future …
Persistent link: https://www.econbiz.de/10011142167
as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital …
Persistent link: https://www.econbiz.de/10009650613
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the sophistication of manufactured and service exports, has increased over time. However, this trend was less pronounced in LICs. Sophisticated sectors are more likely to act as a...
Persistent link: https://www.econbiz.de/10009654173
As labor input in Japan shrinks with population aging, capital accumulation and productivity gains will drive growth …
Persistent link: https://www.econbiz.de/10008777031
In the literature on exports and investment, most productive firms are seen to invest abroad. In the Helpman et al. (2004) model, costs of transportation play a critical role in the decision about whether to serve foreign customers by exporting, or by producing abroad. We consider the case of...
Persistent link: https://www.econbiz.de/10008777034
rates of productivity growth and, to a smaller degree, physical and human capital accumulation. Finally, economic freedom …
Persistent link: https://www.econbiz.de/10008839352