Kindberg-Hanlon, Gene; Okou, Cedric - 2020
Labor productivity in EMDEs is just under one-fifth of the advanced economy average, while in LICs, it is just 2 … percent. Average productivity growth in EMDEs has picked up rapidly since 2000, renewing interest in the convergence … hypothesis, which predicts that economies with low productivity should close productivity gaps over time. However, the average …