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This paper studies the effect of a local sectoral productivity shock on subnational structural transformation. The … 2013 for Ghana. Based on the data, the analysis confirms the occurrence of a mining productivity shock. Between 2004 and … than in the north of the country. The findings show that the mining productivity shock led to growing regional (north …
Persistent link: https://www.econbiz.de/10014578906
This paper studies the effect of a local sectoral productivity shock on subnational structural transformation. The … 2013 for Ghana. Based on the data, the analysis confirms the occurrence of a mining productivity shock. Between 2004 and … than in the north of the country. The findings show that the mining productivity shock led to growing regional (north …
Persistent link: https://www.econbiz.de/10014312595
This paper presents a multisector dynamic general equilibrium model of business cycles with a distinctive feature: aggregate fluctuations are driven by independent sectoral shocks. The model hypothesizes that trade among sectors provides a strong synchronization mechanism for these shocks due to...
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avoid the negative potential growth differentials by 2020-23. Total factor productivity was insufficient to avoid a … permanent slowdown that had become more severe with each shock. Additionally, labor declined in response to decelerating …
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