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We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production...
Persistent link: https://www.econbiz.de/10010273401
and growth in services' trade. The objective of this paper is to build a simple three sector quantitative model which can … productivity (TFP) and increase in the level of trade in industrial and service sectors. The results from a counterfactual … of sectoral trade negligibly affects the results. Hence I conclude that services' productivity growth versus the increase …
Persistent link: https://www.econbiz.de/10010273503
The notion of ‘shared growth’ was introduced by the World Bank in recognition of East Asia’s rapid growth accompanied by poverty reduction. It emphasizes the criticality of pro-poor policies and institutional setups in the fast-developing East Asian economies. The efforts of these...
Persistent link: https://www.econbiz.de/10010284765