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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 …
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"Besides export expansion, a growing middle class in Asia has contributed to the area's economic expansion, providing Asian countries with a window of opportunity to leap from low/middle income levels to high income levels. It may sound easy for these countries to run up the ladder of economic...
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by a widespread adoption of AI. It argues that large opportunities in terms of increases in productivity can ensue … potential for productivity increases, especially among the low skilled. At the same time, risks in the form of further increases … benefits of productivity growth through the combination of profit sharing, (digital) capital taxation, and a reduction in …
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; (ii) to discuss the empirical experience of the developing world in terms of structural transformation and, in doing so …
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This paper describes the structural transformations that Chile has experienced in the last 50 years and how they have contributed-or not-to inclusive growth and genuine economic modernization from a historical perspective. The empirical analysis of the paper shows a premature deindustrialization...
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