This paper examines the impact of workforce demographics on aggregate productivity. The age structure of the workforce is found to have a significant impact on aggregate productivity. A large cohort of workers aged 40 to 49 is found to have a large positive impact on productivity. Out of sample...

Which structural reforms affect labour productivity growth in developing countries? This paper answers this question by combining the local projections method and the inverse probability weighted regression adjustment (LP-IPWRA) method. We find that financial reforms, trade reforms, and product...

This volume offers a rousing defense of pro-free-trade policies and their benefits for developing countries. Through cross-country evidence and detailed case studies, Arvind Panagariya demonstrates the need for trade openness for sustained growth and poverty alleviation.