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In this paper we aim to disentangle how sectoral economic growth affects the size of the middle class, using state-level data of Bolivia from 2000 to 2017 and breaking the three main economic activities into subsectors to attain more-specific results. Because the data from Bolivia are limited,...
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This study is a first contribution to prioritization across productivity determinant capabilities that attempts to obtain the equivalent of a "shadow price" for each of these capabilities by estimating their impact on the success a country may have in reaching higher income per capita groups....
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This paper combines development accounting exercises with economic theory to assess the importance of total factor … successful development benchmarks are explained by subpar productivity gains rather than slower factor accumulation. The … empirical analysis of the interplay between productivity and accumulation in the process of development suggests that one …
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