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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 allocation is developed in which the gaps arise due to...
Persistent link: https://www.econbiz.de/10012968722
This paper tests whether structural or firm-specific characteristics contributed more to (labor) productivity growth in the European Union between 2003 and 2008. It combines the Amadeus firm-level data on productivity and firm characteristics with country-level data describing regulatory...
Persistent link: https://www.econbiz.de/10012974449
Students around the world are going to school but are not learning -- an emerging gap in human capital formation. To …
Persistent link: https://www.econbiz.de/10012892686
moved from low productivity agriculture to higher productivity services and manufacturing. Although the employment share in … manufacturing is not expanding rapidly, in most of the low-income African countries the employment share in manufacturing has not … shifts in employment shares for future growth and development in Africa south of the Sahara …
Persistent link: https://www.econbiz.de/10012964338
-hour basis. What look like large productivity gaps in national accounts data could really be employment gaps, calling into … question the prospective gains that laborers can achieve through structural transformation. These employment gaps, along with …
Persistent link: https://www.econbiz.de/10012856270
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841602
An earlier paper titled "Non-linear effects of tax changes on output: The role of the initial level of taxation," estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 developing) for the period 1970-2014, and (ii) the so-called narrative...
Persistent link: https://www.econbiz.de/10012893919
, thus leaving total employment and real wages virtually unchanged in the long run. In contrast, the estimated impacts of … agriculture, reducing employment in the long run. The paper also discusses the effect of China on the degree of informality in … these three economies and contrasts short-run and long-run effects on employment and wages across industries …
Persistent link: https://www.econbiz.de/10012937561
This paper argues that inequality can be both good and bad for growth, depending on what inequality and whose growth. Unequal societies may be holding back one segment of the population while helping another. Similarly, high levels of income inequality may be due to a variety of different...
Persistent link: https://www.econbiz.de/10012967835
Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...
Persistent link: https://www.econbiz.de/10012968199