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The benefits from the New Economy should accrue as improvements in productivity and economic growth. But while the use … apparent ‘productivity paradox’. The most obvious one is the fact that not many countries, other than the US, have yet invested …
Persistent link: https://www.econbiz.de/10010279209
Long-Run Structural and Productivity Change in U.S. Agriculture: Effects of Prices and Policies by Wallace E. Huffman … or specialized and (2) an econometrics examination of causes of structural and total factor productivity (TFP) change for … U.S. agriculture. Farm size, farm specialization, and part-time farming are the structural dimension emphasized, and …
Persistent link: https://www.econbiz.de/10010369160
a country catches up to the leader depends primarily on factors that affect productivity in non- agricultural activities …: agricultural productivity is thus largely irrelevant in the very long run. But in the short run, a country that experiences large … improvements in agricultural productivity (due to, say, a Green Revolution) will experience a rapid increase in its income relative …
Persistent link: https://www.econbiz.de/10010369225
Persistent link: https://www.econbiz.de/10014306480
, productivity growth and capital accumulation. Moreover, there is evidence of a positive contribution to the process stemming from …
Persistent link: https://www.econbiz.de/10010311699
This paper investigates the relationship between sectoral growth patterns and employment outcomes. A broad cross-country analysis reveals that in middle-income countries, employment responds more to growth in less productive and more labor-intensive sectors. Employment in middle-income countries...
Persistent link: https://www.econbiz.de/10010289844
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...
Persistent link: https://www.econbiz.de/10010263753
Persistent link: https://www.econbiz.de/10011807541
Paper reviews India's growth performance since independence. Phrases suchas "Hindu Rate of Growth," sometimes make a telling comment and expose obscureeconomic data to a wider audience, but they can just as readily obscure reality byfocussing attention on the wrong issue. There is nothing in the...
Persistent link: https://www.econbiz.de/10011807532
Comparisons of India and China have been made for over 50 years. This paper focuses on purchasing power estimates in China and India in the 2005 round of the UN International Comparison Programme (ICP) that was coordinated by the World Bank, the Regional Banks and Economic Commissions. The 2005...
Persistent link: https://www.econbiz.de/10011807635