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productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that … world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a … decrease in productivity growth. Technical efficiency change significantly contributed to economic growth for many fast …
Persistent link: https://www.econbiz.de/10008658803
paradigm from one based primarily on investment to one based on both investment and productivity growth also underscores the …
Persistent link: https://www.econbiz.de/10011305285
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We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in low- and middle-income countries, but appears to...
Persistent link: https://www.econbiz.de/10011703225
estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …-side policies that foster productivity growth will be vital for sustaining developing Asia's future growth in the postcrisis period …
Persistent link: https://www.econbiz.de/10008826310
productivity. We examined the impact of aging on those four channels in 12 developing Asian economies that collectively make up the …
Persistent link: https://www.econbiz.de/10009379744
jobs in the region. However, its productivity greatly lags that of the advanced economies, which implies ample room for … wide range of internal and external policy distortions is vital for improving service sector productivity. As important as …
Persistent link: https://www.econbiz.de/10009696227
Persistent link: https://www.econbiz.de/10010385931
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, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor … productivity grew at a healthy pace in much of the region. Overall our analysis provides substantial cause for optimism about the …
Persistent link: https://www.econbiz.de/10013088853