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This paper constructs an industry-level dataset of productivity across advanced economies, showing that Korea's labor … productivity and total factor productivity levels are below the median of other advanced economies. We identify sizable industry …-level productivity gaps in Korea with respect to the global frontier, especially in market-oriented services. Using the OECD's Product …
Persistent link: https://www.econbiz.de/10015060021
This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but...
Persistent link: https://www.econbiz.de/10012677526
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/10009659803
This paper looks at the empirical record whether big infrastructure and public capital drives have succeeded in accelerating economic growth in low-income countries. It looks at big long-lasting drives in public capital spending, as these were arguably clear and exogenous policy decisions. On...
Persistent link: https://www.econbiz.de/10012690573
Contents -- I. INTRODUCTION -- II. THEORETICAL LITERATURE AND EMPIRICAL EVIDENCE -- III. THEORETICAL MODEL -- IV. DATA SOURCES AND VARIABLE CONSTRUCTION -- V. ESTIMATION METHODOLOGY AND RESULTS -- VI. CONCLUSIONS -- APPENDIXES
Persistent link: https://www.econbiz.de/10012682183
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 man …
Persistent link: https://www.econbiz.de/10009659894
productivity (TFP) growth using an extensive dataset that includes various measures of productivity and financial openness for a …
Persistent link: https://www.econbiz.de/10012677369
Persistent link: https://www.econbiz.de/10012691029
STORY -- IV. LOW PRODUCTIVITY: DOES THE LEVEL OF DEBT MATTER? -- V. HIGH DEBT AND DECLINING PRODUCTIVITY: THE CASE OF …
Persistent link: https://www.econbiz.de/10012691081
-- IV. GROWTH ACCOUNTING AND TOTAL FACTOR PRODUCTIVITY -- V. IMPLICATIONS FOR MEDIUM-TERM GROWTH -- VI. DETERMINANTS OF … PRODUCTIVITY IN PAPUA NEW GUINEA -- VII. SUMMARY AND CONCLUSIONS -- CALCULATING CAPITAL STOCK -- REFERENCES. …
Persistent link: https://www.econbiz.de/10012691125