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 …

We measure the impact of a drastic new technology for producing steel - the minimill - on the aggregate productivity of … industry's productivity is linked to this new technology, and operates through two distinct mechanisms. First, minimills … third of the increase in the industry's productivity. Second, increased competition, due to the expansion of minimills …

euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity …

urban locations is endogenous and linked to productivity differences between the two locations and survival probabilities …

William Baumol and his co-authors have analyzed the impact of differential productivity growth on the health of … and price increases, take a rising share of national output, and slow aggregate productivity growth. Using industry data … have tended to lower overall productivity growth as the share of stagnant sectors has risen over the second half of the …

reallocation is closely linked to productivity. While these patterns hold on average, the extent to which the reallocation dynamics … accelerated reallocation even more productivity enhancing than reallocation in normal times. In the Great Recession, we find the … intensity of reallocation fell rather than rose and the reallocation that did occur was less productivity enhancing than in …

This paper explores the role of knowledge flows and productivity growth by linking direct survey data on knowledge …

innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and … changing technological regulations—let alone increase productivity. Great potential exists for innovation in crop and livestock …