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Chapter 73 Agricultural Productivity and Economic Growth
Gollin, Douglas - In: Handbook of agricultural economics : volume 4, (pp. 3825-3866). 2010
that changes affecting agriculture have large aggregate effects. Thus, it seems reasonable that agricultural productivity …. In fact, agriculture in most developing countries has very low productivity relative to the rest of the economy …. Expanding a low-productivity sector might not be unambiguously good for growth. Moreover, there are issues of reverse causation …
Persistent link: https://www.econbiz.de/10014024046
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The growth disease at 50 : Baumol after Oulton
Hartwig, Jochen; Krämer, Hagen - 2017 - This version: June 2017
the so-called "Growth Disease", i.e., the tendency of aggregate productivity growth to slow down in the process of … service sector may raise rather than lower aggregate productivity growth if the service industries produce intermediate rather … raised or lowered aggregate productivity growth in the G7 countries. …
Persistent link: https://www.econbiz.de/10011776981
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A Three-Sector Model of Structural Transformation and Economic Development
Bah, El-hadj M. - Institut for Miljø og Erhvervsøkonomi, Syddansk … - 2009
Growth accounting exercises point to aggregate TFP differences as the dominant source of the large cross-country income differences. In this paper, I ask which sectors account for the aggregate TFP gap between rich and poor countries. Data limitations for developing countries have led...
Persistent link: https://www.econbiz.de/10011123967
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Fuel for economic growth?
Gars, Johan; Olovsson, Conny - 2015
We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas the efficiency of one alternative energy source is limited. With capital and energy as complements, there exist two steady states: one stagnant where energy is fully derived...
Persistent link: https://www.econbiz.de/10010529424
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Service sector productivity and economic growth in Asia
Lee, Jong-Wha; McKibbin, Warwick J. - 2014
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an … economies, and consumption and investment dynamics. We find that faster productivity growth in the service sector in Asia … services productivity growth, there is a significant expansion of the durable manufacturing sector that is required to provide …
Persistent link: https://www.econbiz.de/10010381539
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Learning in Capital Production, Accelerated Growth and Structural Change
Ortiz, Carlos Humberto - 2008
Based on a two-sector model of endogenous growth (Rebelo 1991), where a consumption good and a capital good are produced, this paper analyzes the effect of assuming learning-by-doing in the capital-good sector. The modified model reproduces two patterns of long-run economic development:...
Persistent link: https://www.econbiz.de/10012770531
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Service Sector Productivity and Economic Growth in Asia
Lee, Jong-Wha - 2014
This paper explores the impacts of more rapid growth in labor productivity in the service sector in Asia based on an … economies, and consumption and investment dynamics. We find that faster productivity growth in the service sector in Asia … services productivity growth, there is a significant expansion of the durable manufacturing sector that is required to provide …
Persistent link: https://www.econbiz.de/10013050277
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Financial development, globalization, and structural transformation in developing countries
Avoumatsodo, Komla - 2023
sector. This discrepancy in technological proximity between sectors influences the differential productivity growth rates in …
Persistent link: https://www.econbiz.de/10014333588
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The Republic of Korea's economic growth and catch-up : implications for the People's Republic of China
Lee, Jong-Wha - 2016
's success well, poor productivity performance in the services sector has hampered overall productivity growth. The Republic of … People's Republic of China needs to upgrade its institutional quality and improve productivity, particularly in its services …
Persistent link: https://www.econbiz.de/10011471510
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005