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prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service … sector. In light of the Republic of Korea's high income and development level, the poor performance of modern services is of …
Persistent link: https://www.econbiz.de/10010507363
, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor …The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing … Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this …
Persistent link: https://www.econbiz.de/10010507372
-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that … association. Here we identify two waves of service sector growth, a first wave in countries with relatively low levels of per … traditional services, the second wave of modern (financial, communication, computer, technical, legal, advertising and business …
Persistent link: https://www.econbiz.de/10011807641
disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth …The growing importance of services has led to significant structural change in advancedeconomies, with the service …
Persistent link: https://www.econbiz.de/10014459453
factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … labour can explain a significant fraction of the international variation in TFP growth. …
Persistent link: https://www.econbiz.de/10010261270
protection policies and trade relations with the EU and productivity dynamics and their determinants. Secondly, it presents four …
Persistent link: https://www.econbiz.de/10010326570
separately. The results showed a diametrically opposing impact of productivity and profitability on the takeover likelihood. This …
Persistent link: https://www.econbiz.de/10010294465
estimates for an extended production function framework reveal significant productivity effects of ICT in the German service … productivity differentials between firms. …
Persistent link: https://www.econbiz.de/10010297958
In order to assess the productivity effects of information and communication technologies (ICT), regressions based on …?GMM estimator yields evidence for significant productivity effects of ICT which are substantially smaller though than those …
Persistent link: https://www.econbiz.de/10010297959
to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing …Historically, episodes of rapid growth are accompanied by significant structural change. In this paper we therefore aim … economies. To fix ideas we present an extension of Barro, Mankiw and Sala-i-Martin?s (1995) growth model that incorporates two …
Persistent link: https://www.econbiz.de/10010263207