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A framework to study the role of structural transformation in productivity growth and regional convergence
Fukao, Kyōji; Paul, Saumik - 2018
We show that σ-convergence in regional productivity growth can be approximated by σ-convergence in sectoral … productivity growth and σ-convergence in structural transformation-led productivity growth. Applying this framework to Japanese … prefecture-level data from 1874 to 2008, we find support for substantial convergence effects of structural transformation in the …
Persistent link: https://www.econbiz.de/10011843800
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Service sector productivity and economic growth in Asia
Lee, Jong-Wha; McKibbin, Warwick J. - 2014
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an empirical general equilibrium model. The model allows for input-output linkages and capital movements across industries and economies, and consumption and investment dynamics. We...
Persistent link: https://www.econbiz.de/10010381539
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The Republic of Korea's economic growth and catch-up : implications for the People's Republic of China
Lee, Jong-Wha - 2016
conditional convergence theory. Cross-country regression further suggests that the Republic of Korea's catch-up to the United … decades due to the convergence effect and with the rebalancing toward a domestic consumption and services-based economy. The …
Persistent link: https://www.econbiz.de/10011471510