growth and efficiency dynamics during its process of structural transformation from 1970 to 2016. The analysis includes land … efficiency, while growth-disturbing external macroeconomic shocks, such as joining the WTO and the Asian financial crisis, led to … improvements in allocative efficiency …

Estimates of total factor productivity growth, a measure of increases in the efficiency of production, have …

toward the level of within-sector allocative efficiency in the United States to be between 13 and 36 percent. Across three …