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Recent empirical studies document that the level of resource misallocation in the service sector is significantly higher than in the manufacturing sector. We quantify the importance of this difference and study its sources. Conservative estimates for Portugal (2008) show that closing this gap,...
Persistent link: https://www.econbiz.de/10011859483
primary driving forces, sector-biased productivity growth and sectoral trade integration. We calibrate the model to the same … countries used to document our patterns. We find that sector-biased productivity growth is important for deindustrialization by …
Persistent link: https://www.econbiz.de/10013393551
This paper proposes an empirical framework that relates poverty reduction to production growth. We use the GGDC …/UNU-WIDER Economic Transformation Database to measure the contribution to growth of productivity improvements within sectors and … change and productivity growth in manufacturing. An attribution exercise suggests that structural change and agricultural …
Persistent link: https://www.econbiz.de/10012799097
Persistent link: https://www.econbiz.de/10011490145
unity. Furthermore, the model (iv) supports either a neoclassical steady-state or long-run endogenous growth, giving it the …
Persistent link: https://www.econbiz.de/10012727239
Manufacturing’s share of employment is known to follow a hump-shaped pattern as economies structurally transform. Motivated by the observation that sectoral capital intensities evolve over time, this paper examines whether such changes are important in accounting for this pattern. It does this...
Persistent link: https://www.econbiz.de/10013249791
Recent empirical studies document that the level of resource misallocation in the service sector is significantly higher than in the manufacturing sector. We quantify the importance of this difference and study its sources. Conservative estimates for Portugal (2008) show that closing this gap,...
Persistent link: https://www.econbiz.de/10012966552
The rapid growth of offshoring has sparked a contentious debate over its impact on the U.S. manufacturing sector, which … has recorded steep employment declines yet strong output growth—a fact reconciled by the notable gains in manufacturing … price index in a growth accounting framework, using a variety of assumptions about the magnitude of the discounts from …
Persistent link: https://www.econbiz.de/10008695825
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10012307830
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10011989980