This paper examines the impact on TFP of North-South trade-related technology diffusion in Latin America and the Caribbean (LAC). North-South R&D flows are constructed based on industry-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main...

It is well established that management practices have on average a significant and large impact on firm output after controlling for a range of standard factors such as other inputs, industry etc. We investigate non-linearities in the impact of management practices on firm performance using...

This study investigates the management practices of 926 manufacturing plants in South Korea using the quantitative method by Bloom et al. (2019). The original management and organizational practices survey (MOPS) in the U.S. is revised to reflect the Korea-specific environment and merged with...

Real value-added per employee in U.S. manufacturing fell between 2010 and 2016. Manufacturing accounted for over half the drop in private economy productivity growth between 1990-2000 and 2010-2016, though it accounted for less than 20% of aggregate value-added. While productivity growth fell in...

This study takes a comprehensive look at the overall flexibility of regulatory governance in Korea, including the design, implementation, and monitoring of the many issues surrounding regulatory reform that stand in the way of innovation growth. Based on the findings of the analysis, the paper...

Owing to past structural reforms, Costa Rica has enjoyed robust GDP growth and productivity levels are gradually converging towards the OECD average. However, large GDP per capita and productivity gaps persist. In addition, not everyone has benefited from this growth. Inequality has increased...

We review Baumol's typology of productive, unproductive and destructive entrepreneurship. We argue that the typology is relevant for explaining the secular decline in business dynamics. To the existing explanations for this decline, we put forward the thesis that entrepreneurship has become less...

This study analyzes the performance of Latin America and the Caribbean's agriculture between 1980 and 2012 looking at the contribution of inputs, and total factor productivity (TFP) to growth in output per worker. A growth accounting approach that goes along the lines of neoclassical growth...

After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country...