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The development of the service sector in the People's Republic of China has not kept pace with the country's overall economic development. The share of employment in services is still lagging behind that of output and is also below the international norm. Moving from traditional services to...
Persistent link: https://www.econbiz.de/10009781167
The service sector is the largest and fastest growing sector in India and has the highest labor productivity, but …
Persistent link: https://www.econbiz.de/10009781184
Exploring and explaining development gaps between countries is an important theoretical and empirical task. This paper presents empirical studies related to economic growth and its determinants across countries, based on the use of data envelopment analysis method. It emphasizes the importance...
Persistent link: https://www.econbiz.de/10011841918
One of the key determinants of potential growth are productivity gains. Total factor productivity (TFP) differences are …: the aggregate productivity loss from microeconomic distortions that prevent factors of production from being allocated to … key driver of productivity gains. Since distortions preventing misallocation can be driven by institutional obstacles …
Persistent link: https://www.econbiz.de/10011658836
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which …
Persistent link: https://www.econbiz.de/10012795772
In this paper, we investigate the role of labor productivity growth and whether the determinants of labor productivity …–2005 period. We decompose labor productivity growth into "within sector" productivity improvements, "static structural change …" productivity progress and "dynamic structural change" gains. Moreover, we study sectoral contributions to within sector …
Persistent link: https://www.econbiz.de/10012217541
estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …-side policies that foster productivity growth will be vital for sustaining developing Asia's future growth in the postcrisis period …
Persistent link: https://www.econbiz.de/10008826310
The paper analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...
Persistent link: https://www.econbiz.de/10011286409
This study is a first contribution to prioritization across productivity determinant capabilities that attempts to …
Persistent link: https://www.econbiz.de/10011457783
The present study examines cross-national and sectoral differences in Total Factor Productivity (TFP) in fourteen …
Persistent link: https://www.econbiz.de/10013128077