Showing 1 - 10 of 125
Urbanization usually occurs with structural transformation driven by a "push" from agricultural productivity growth and a "pull" from industrial productivity growth, and usually the former exceeds the latter. This paper presents a simple model to illustrate how the open policy in the People's...
Persistent link: https://www.econbiz.de/10011441160
weak in the following areas: governance, infrastructure, savings and investment, inequality, and quality - but not quantity …
Persistent link: https://www.econbiz.de/10010501267
This paper examines how the services sector could provide decent and gainful employment in developing Asia. Using living wages as a reference point, this paper reports that a significant portion of the workforce in developing Asian economies, the majority of which are employed in the...
Persistent link: https://www.econbiz.de/10011992217
Does financial health shore up firm productivity? This paper empirically investigates this question and presents productivity as another driving factor in translating financial development into real economic progress. Our empirical framework employs Levinsohn and Petrin's (2003) semi-parametric...
Persistent link: https://www.econbiz.de/10010126897
The People's Republic of China (PRC) has been undergoing marvelous industrialization and manufacturing development in the past decades, which has promoted its fast economic growth and has reached a level of middle-income in recent years. It is widely accepted that the PRC's status as the...
Persistent link: https://www.econbiz.de/10011667026
The global economic slowdown has again highlighted the vulnerability of export-led development models and economies to downturns in export markets. Economic deepening or "rebalancing" with an emphasis on service-sector development should be - and is becoming - one long-term response to the...
Persistent link: https://www.econbiz.de/10003983157
The relationship between large enterprises (LEs) and small and medium enterprises (SMEs) in Japan has undergone major changes during the long-term recession since 1991. While SMEs still play the important role of supplying parts and components to LEs through subcontracting, many LEs have started...
Persistent link: https://www.econbiz.de/10003927368
This study explores the relationship between inequality and structural transformation by constructing a theoretical … demonstrates that inequality exhibits an inverted U shape as structural change proceeds from onset to completion. Our analytical … frameworks enable decomposition of total inequality into sector contributions and a change in total inequality into a component …
Persistent link: https://www.econbiz.de/10011561721
This paper provides novel empirical evidence on the role of trade and structural transformation as potential drivers of the labor income share. Using cross-country data, both at the national and sectoral level, we find that trade openness is negatively correlated with the labor income share. The...
Persistent link: https://www.econbiz.de/10011936036
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...
Persistent link: https://www.econbiz.de/10011843800