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Several high-level reports have raised the concern that low-income countries, especially in Africa, are experiencing premature de-industrialization. The concern is that they are growing without transforming. Have the latecomers to development missed the boat? Although these concerns are well...
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. As a consequence, productivity increases and expansion in the commercial primary production sector will cause …
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Active economic policies by developing countries? governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the...
Persistent link: https://www.econbiz.de/10012976530
This paper is about micro foundations of productivity and growth. There are several studies on productivity for … productivity at firm, industry and national levels, but total factor productivity progressively tapers off at each level of …; (ii) capital accumulation is more important at the macro level than the micro level; (iii) productivity at the micro level …
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developing countries services are already the largest sector in the economy and an important determinant of overall productivity …
Persistent link: https://www.econbiz.de/10012974201
This paper evaluates the impact of foreign aid to five service sectors (transportation, information and communications technologies, energy, banking/financial services, and business services) on exports of downstream manufacturing sectors in developing countries. To address the reverse causality...
Persistent link: https://www.econbiz.de/10012975884
This paper analyzes the recent evolution and impact of the global economic crisis on the offshore services industry. Using a global value chains framework, the authors classify the offshore services sector in a comprehensive set of general and industry-specific activities that correspond to...
Persistent link: https://www.econbiz.de/10012976603