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This paper examines recent technological developments and how they could impact efforts by policymakers and political leaders in developing countries to harness trade and investment liberalization to achieve economic development outcomes. It begins by discussing some of the proven elements to...
Persistent link: https://www.econbiz.de/10012240977
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10012307830
We study the origins of labor productivity growth and its differences across sectors. In our model, sectors employ … workers of different occupations and various forms of capital, none of which are perfect substitutes, and technology evolves … a large and increasing contribution to aggregate labor productivity growth. Neither capital accumulation nor the …
Persistent link: https://www.econbiz.de/10011989980