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The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10013159735
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of … developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to … high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been …
Persistent link: https://www.econbiz.de/10013123689
endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …
Persistent link: https://www.econbiz.de/10012911722
Average wage growth is closely related to aggregate productivity growth across countries and within countries over time …. The commonality of patterns across OECD countries suggests that common factors are at work. Are productivity …-biased technological change or other factors? To answer this, it is necessary to observe education-specific productivity growth. Cross …
Persistent link: https://www.econbiz.de/10013324710
of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of … countries to estimate the effect of temperature on productivity in manufacturing and services. Estimates suggest that extreme … heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to …
Persistent link: https://www.econbiz.de/10013307376
This paper quantifies the roles of increases in the demand for skill-intensive output, the efficient scale of service production, and female labor supply in the growth of services. We extend the Buera and Kaboski (2012a,b) model to a two-person household, incorporating a joint decision on home...
Persistent link: https://www.econbiz.de/10013076916
recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input … reallocation. They find weak gains from measured reallocation and strong within-plant productivity gains. We show these findings … product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that …
Persistent link: https://www.econbiz.de/10013012453
of two terms: the effective number of researchers and their research productivity. We present a wide range of evidence … productivity is declining sharply. A good example is Moore's Law. The number of researchers required today to achieve the famous … increases in research effort that offset its declining productivity …
Persistent link: https://www.econbiz.de/10012948079
Persistent link: https://www.econbiz.de/10003474568
Following on Keynes's Economic Possibilities for Our Grandchildren, this paper develops conjectures about the world we will leave to our grandchildren. It starts by outlining the 10 most important trends that have defined our economic, social, and political lives over the last 100 years. It then...
Persistent link: https://www.econbiz.de/10013107770