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Structural transformation in most currently developing countries takes the form of a rapid rise in services but limited industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that circumvents the notorious difficulties in...
Persistent link: https://www.econbiz.de/10014474491
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …
Persistent link: https://www.econbiz.de/10010271917
In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...
Persistent link: https://www.econbiz.de/10010274528
Schumepterian growth theory stresses the role of structural change in long run growth. Countries which increase the share of technology-intensive sectors in their economic structures benefit more from technological learning and innovation. In addition, they are more able to respond to changes in...
Persistent link: https://www.econbiz.de/10010273506
This paper presents a comprehensive set of stylised facts for business cycles in India from 1950-2010. We show that … persistence however, India looks more similar to advanced economies, and less like other emerging market economies. We argue that …
Persistent link: https://www.econbiz.de/10011807666
This paper examines the link between structural change and growth in India. It constructs indices of structural change …
Persistent link: https://www.econbiz.de/10010287747
This paper examines the link between structural change and growth in India. It constructs indices of structural change …
Persistent link: https://www.econbiz.de/10010288166
of methodological approaches - factor content, growth accounting and econometric modelling. We also compare India …
Persistent link: https://www.econbiz.de/10010273523
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on … financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has … the key challenge now facing India's policymakers on this front. …
Persistent link: https://www.econbiz.de/10010269146
Following the economic liberalization in India, the service sector has gained prominence in the economy as it accounts …
Persistent link: https://www.econbiz.de/10010273503