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After impressive growth in the 2000s, China's productivity has more recently stagnated. We use firm-level data to … relative to older incumbents has slowed, (iii) weaker life-cycle growth can be explained by slower productivity growth and … counterparts, (v) the responsiveness of capital growth to the marginal product of capital has declined, and (vi) large productivity …
Persistent link: https://www.econbiz.de/10013170240
the result of low TFP and thus GDP growth-not the cause …
Persistent link: https://www.econbiz.de/10012252005
We assess the aggregate productivity impact of distortions arising from labor regulations in Mexico and how they … but small impacts on aggregate productivity …
Persistent link: https://www.econbiz.de/10012154849
This paper assesses the impact of climate-related disasters on medium-term growth and analyzes key structural areas … negative impact on medium-term growth, especially for sub-Saharan Africa; and (ii) a disaster's intensity matters much more …
Persistent link: https://www.econbiz.de/10013170064
financing, the persistence of loss-of-learning effects on labor productivity is likely to make the post-Covid recovery more …
Persistent link: https://www.econbiz.de/10013170278
Persistent link: https://www.econbiz.de/10012796716
Persistent link: https://www.econbiz.de/10012796736
We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic activity, tourism flows, oil prices, passport sales, FDI, and natural disasters. Using Canonical-Correlation Analysis (CCA) and dynamic panel regression analysis we find significant...
Persistent link: https://www.econbiz.de/10012796822
growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important …, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0 ….3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from …
Persistent link: https://www.econbiz.de/10012518323
Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …
Persistent link: https://www.econbiz.de/10012518886