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This study compares the sources of growth in East Asia with the rest of the world, using a methodology that allows one to decompose total factor productivity (TFP) growth into technical efficiency changes (catching up) and technological progress. It applies a varying coefficients frontier...
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Objectives, background, context -- Population trends in China and India: -- Demographic dividend or demographic drag …? -- China-India: a macroeconomic assessment -- Science and technology -- Chinese & Indian defense and defense procurement … spending to 2025 -- Conclusions and implications -- Appendix A: Meta-analysis of economic growth in Dhina and India -- Appendix …
Persistent link: https://www.econbiz.de/10009412406
While India’s growth has been strong in recent decades, its structural transformation remains incomplete. In this paper …, we first take stock of India’s growth to date. We find that economic activity has shifted from agriculture to services … consider India’s employment challenge going forward. We find that India needs to create between 143-324 million jobs by 2050 …
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factor productivity growth (TFPG) index. These are easiest to understand for the case in which the index number problem is … concepts of TFPG all lead to the same result in the 1–1 case. Moving on to a general N input, M output production scenario, we … demonstrate that a Paasche, Laspeyres or Fisher index number formula provides a measure for all four of the concepts of TFPG …
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The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...
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