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This paper studies the effect of structural change on the historical path of aggregate labor productivity growth for a … that structural change may have on future productivity growth. We document that the observed reallocation of economic … activity since the 1970s towards the service sector has exerted a strongly negative effect on aggregate productivity growth in …
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While structural transformation, driven by technological progress, productivity growth, and capital deepening, has … contributed to Asia's sustained rapid growth, its effect on income inequality is uncertain. The central objective of our paper is … skill groups of workers. Our evidence indicates that structural change, pushed by productivity catch-up with advanced …
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interrelationship between manufacturing and services, as well as increases in the service industries’ share in nominal value-added or … manufacturing industries. Therefore, there is a possibility that if the role of services as intermediate inputs increases with …
Persistent link: https://www.econbiz.de/10014241011
in the effect and size of productivity shocks explain most of the gap in misallocation between manufacturing and services …, while the remainder is explained by differences in firm productivity and age distribution. We interpret these results as …
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