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In what the authors name “a first pass through the data”, McMillan et al. (2014) have recently addressed the question: what determines the magnitude of growth-enhancing structural change - defined as gains to average labor productivity resulting from a reallocation of labor across sectors?...
Persistent link: https://www.econbiz.de/10011457230
Persistent link: https://www.econbiz.de/10009313742
In Sub-Saharan Africa we find some of the highest levels of income inequality in the world. Nevertheless, we generally …
Persistent link: https://www.econbiz.de/10010486877
This paper argues that the single most important factor that explains East Asia's development success was its fast … as the "engine of growth." It is in the context of industrialization that openness played an important role in East Asia … exchange) and industrialization. Part 1 of the paper documents the extent of structural transformation in developing Asia …
Persistent link: https://www.econbiz.de/10011880537
The contemporary division of production in the global economy poses challenges typical for dependent market economies of the Visegrád countries (V4: Czechia, Hungary, Poland, and Slovakia). This comparative study explores whether the foreign trade of V4 with Germany contributes to their...
Persistent link: https://www.econbiz.de/10013502201
Thailand and the Republic of Korea were developing at a similar pace during the 1960s. However, the Republic of Korea’s economic development rapidly expanded from the 1970s onward, leaving Thailand lagging far behind. This paper investigates the labor productivity slowdown in Thailand using a...
Persistent link: https://www.econbiz.de/10014333419
Growth in South Asia has not resulted in structural transformation and increase of productive capacities. This paper … presents a methodology to identify the opportunities for countries in South Asia to build their productive capacities and … addition to its relevance to the formulation of inclusive development policies in South Asia, this paper contributes to the …
Persistent link: https://www.econbiz.de/10013076895
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10011807641
The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10003832280
Among fast growing developing countries, India is distinctive for the role of the service sector. However, sceptics have raised doubts about both the quality and sustainability of the increase in service sector activity and its implications for economic development. Using National Accounts...
Persistent link: https://www.econbiz.de/10009363516