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,tend to rise faster than the prices of material goods. Central to his model is the disparityin labour productivity growth … disease of services retains its explanatory power and relevance today. It refutescriticisms that productivity growth in …
Persistent link: https://www.econbiz.de/10014459453
industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that … both a consequence-due to income effects-and a cause- due to productivity growth- of the development process. We estimate … the model using Indian household data. We find that productivity growth in non-tradable consumer services such as retail …
Persistent link: https://www.econbiz.de/10014474491
There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
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 … 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/10010507372
Persistent link: https://www.econbiz.de/10011696470
Finland from 1975 to 2001. ICT-production has in the late 1990s had significant impacts on growth and labour productivity (LP …. Labour productivity growth in the period 1995 to 2001 manifests larger structural changes than in previous periods, with the … step-up in multi-factor productivity being the most notable. The relative contribution of ICT-capital deepening has also …
Persistent link: https://www.econbiz.de/10010285176
factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
Persistent link: https://www.econbiz.de/10010261270
In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed...
Persistent link: https://www.econbiz.de/10010266660
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
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