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Persistent link: https://www.econbiz.de/10015166444
This paper explores the relationship between economic growth and informality and highlights the role of GDP growth and its composition in the level and evolution of informality, using country data from 1991 to 2019. The analysis reveals a weak relationship, although with important differences...
Persistent link: https://www.econbiz.de/10013282528
Over the past 30 years (1990-2019), African economies have experienced remarkable improvements in real macroeconomic conditions, characterized by higher and more stable real per-capita growth rates, and lower and more stable inflation. This paper documents and seeks to explain these changes at...
Persistent link: https://www.econbiz.de/10013336273
This paper documents that a process of industrial restructuring has been transforming the developed economies, where large corporations are accounting for less economic activity and small firms are accounting for a greatershare of economic activity. Not all countries, however, are experiencing...
Persistent link: https://www.econbiz.de/10011304393
The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with - and Baumol's model for the productivity regime is calibrated on...
Persistent link: https://www.econbiz.de/10010197410
Persistent link: https://www.econbiz.de/10010463798
This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the...
Persistent link: https://www.econbiz.de/10011743015
, sondern auch mit einem erheblichen Strukturwandel zugunsten produktiver Bereiche außerhalb des Primärsektors einhergegangen …
Persistent link: https://www.econbiz.de/10011620325