Showing 1 - 10 of 781
dimensions coincided with significant growth in aggregate labor productivity. However, in and of itself, the same reallocation … could only have held back, rather than aid, the observed productivity gains. This was because labor was more productive … productivity of the reallocation of employment between the two sectors could only have been reinforced by the impacts on the same …
Persistent link: https://www.econbiz.de/10012970539
This paper offers the first evidence on the prevalence of a central actor in modern growth theory?the engineer. Using newly collected sub-national, and international data as well as historical case studies, it then argues that differences in innovative capacity, captured by the density of...
Persistent link: https://www.econbiz.de/10012973384
This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories ( "pre-confirmatory bias" ) and perceptions (confirmatory bias), and are themselves...
Persistent link: https://www.econbiz.de/10012976669
The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development - as captured by size, depth, efficiency, and reach of financial systems - varies sharply around the world, with large...
Persistent link: https://www.econbiz.de/10012748025
industrialization only played a significant role in Vietnam …
Persistent link: https://www.econbiz.de/10012957710
The latest push for industrialization in Ethiopia has attracted much academic and public interest. This paper assesses … Ethiopia's competitiveness and attractiveness as an investment destination by comparing domestic productivity and input costs …, the labor cost advantage of Ethiopian firms is more than offset by low productivity. However, Ethiopia appears competitive …
Persistent link: https://www.econbiz.de/10012864658
variety of imitation- to innovation-based intermediate goods. A key mechanism through which productivity increases initially … imitation sector. The process of industrialization increases the demand for high-skill labor, inducing individuals to invest in …
Persistent link: https://www.econbiz.de/10012974488
How does access to finance impact consumption volatility? Theory and evidence from advanced economies suggests that greater household access to finance smooths consumption. Evidence from emerging markets, where consumption is usually more volatile than income, indicates that financial reform...
Persistent link: https://www.econbiz.de/10012971665
Governments are resource and bandwidth constrained, and hence need to prioritize productivity-enhancing policies. To do …, coordination ability, and defending against capture is critical to successful implementation of productivity policies and should be …
Persistent link: https://www.econbiz.de/10014121437
This paper examines the role of changes in sectoral productivity gaps over time in accounting for growth realized by … countries over the past few decades. To quantify the productivity impact of the sectoral gaps, a simple model of resource … changes in distortions is because of unrealized gains suggested by high levels of present distortions, productivity gains are …
Persistent link: https://www.econbiz.de/10012968722