The traditional methodology uses the real GDP growth as a proxy for the economic growth. Unfortunately this way of calculating economic growth is not taking into account of the sector inequality in the economy (especially in the economy with high degree of natural resource dependency)....

Le retournement du commerce international, la crise de confiance et les politiques monétaires restrictives mises en place en 2010 et 2011 ont eu raison de la vigueur de la croissance en Asie et en Amérique latine. Les écarts de production étaient refermés depuis plus d’un an et les signes...

Using data for 128 countries we document low (high) elasticities of agricultural output with respect to labor in economies within temperate (tropical/highland) climate zones.  Adopting a standard model of structural change we show that this technology heterogeneity determines the speed of...

We study the impact of growth and growth accelerations on poverty and inequality in Indonesia using a new panel dataset covering 26 provinces over the period 1977-2010.  This new dataset allows us to distinguish between mining and non-mining sectors of the economy.  We find that growth in...

This paper contributes to the literature on economic growth by seeking to join several lines of research on structural factors in a more fully specified framework, on the one hand, and by making this more inclusive supply side to interact with demand factors in a model of export-led growth, on...

We investigate Adam Smith’s analysis of the properties of what he called “productive†- as against “unproductive†- labour, a concept which commentators have...

The present fiscal difficulties of many countries amplify the call for structural reforms. To provide stylized facts on how reforms worked in the past, we quantitatively review 60 studies estimating the relation between reforms and growth. These studies examine structural reforms carried out in...

Drawing on the 2007 and 2010 Swaziland Labor Force Surveys, this paper provides first systematic evidence on recent youth employment challenges in Swaziland, a small, land-locked, middle-income country with one of the highest youth unemployment rates in Africa. The paper first documents the...