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The Korean manufacturing sector has undergone active structural transformation in the past few decades. In particular, the composition of core manufacturing products has changed over time. In the 1970s, textiles, which are used to produce fabric, clothes, apparel, and shoes, were the main...
Persistent link: https://www.econbiz.de/10012241373
This paper documents that structural change positively contributed to labor productivity growth in Guinea during 2006-15. However, the contribution of structural change to productivity growth was modest (about one percentage point per year on average), because labor moved from agriculture, the...
Persistent link: https://www.econbiz.de/10012297771
Ethiopia has achieved sustained high growth for more than a decade. At the same time, the country has been facing several economic challenges, including falling exports, chronic foreign currency shortages, as well as a slow pace of structural transformation. In recent years, the already...
Persistent link: https://www.econbiz.de/10012051824
Ghana has experienced a decade of solid and exceptionally high growth. Between 2005 and 2015, income nearly doubled. This paper analyzes the factors driving this impressive growth performance, using tools such as structural change decompositions and growth regressions. For the comparative...
Persistent link: https://www.econbiz.de/10012002718
Persistent link: https://www.econbiz.de/10000138745
"The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
Persistent link: https://www.econbiz.de/10003833238
"By developing a simple theoretical model of the impact of market integration on sectoral output and employment in a poor rural setting, this paper demonstrates that trade can induce asymmetric growth. Under certain, plausible, assumptions, the non-farm sector will grow much faster than the...
Persistent link: https://www.econbiz.de/10003821171
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