Structural Change And Productivity Growth
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Structural Change Fundamentals And Growth A Framework And Case Studies
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Author : McMillan, Margaret
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2017-05-11
Structural Change Fundamentals And Growth A Framework And Case Studies written by McMillan, Margaret and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-11 with Political Science categories.
Globalization Structural Change And Productivity Growth
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Author : Margaret Stokes McMillan
language : en
Publisher:
Release Date : 2011
Globalization Structural Change And Productivity Growth written by Margaret Stokes McMillan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Economics categories.
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of development. Our results show that since 1990 structural change has been growth reducing in both Africa and Latin America, with the most striking changes taking place in Latin America. The bulk of the difference between these countries' productivity performance and that of Asia is accounted for by differences in the pattern of structural change - with labor moving from low- to high-productivity sectors in Asia, but in the opposite direction in Latin America and Africa. In our empirical work, we identify three factors that help determine whether (and the extent to which) structural change contributes to overall productivity growth. In countries with a relatively large share of natural resources in exports, structural change has typically been growth reducing. Even though these "enclave" sectors usually operate at very high productivity, they cannot absorb the surplus labor from agriculture. By contrast, competitive or undervalued exchange rates and labor market flexibility have contributed to growth enhancing structural change.
Structural Change And Productivity Growth
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Author :
language : en
Publisher:
Release Date :
Structural Change And Productivity Growth written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Indexing Structural Distortion Sectoral Productivity Structural Change And Growth
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Author : Sakai Ando
language : en
Publisher: International Monetary Fund
Release Date : 2017-09-19
Indexing Structural Distortion Sectoral Productivity Structural Change And Growth written by Sakai Ando and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-19 with Business & Economics categories.
This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the potential payoffs in terms of growth from reforms could be large. The regression analysis in the paper shows that education and various structural reforms have potential to improve the efficiency of sectoral labor allocation.
Structural Change And Productivity Growth In India And The People S Republic Of China
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Author : Jagannath Mallick
language : en
Publisher:
Release Date : 2018
Structural Change And Productivity Growth In India And The People S Republic Of China written by Jagannath Mallick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Globalization has significantly changed the composition and structure of emerging economies, which has in turn reallocated factors across various economic activities. In this context, we examine the sources of labor reallocation or structural change, and measures and empirically evaluates the contribution of structural change to labor productivity growth (LPG) by controlling for indicators of economic globalization and types of human capital. We also evaluate the relative contributions of human and physical capital to LPG. We found that changing final demand is the most crucial factor in labor reallocation in India. In the PRC, this and changes in technology are factors of labor allocation. The regression analysis confirmed that structural change, globalization, and human capital significantly contribute to LPG. Due to its prevailing structure, India is capable of leading global economic growth in the future, provided that certain necessary policies on human capital development, outward-oriented policies, and other conducive economic reform measures are taken.
Structural Change And Productivity Growth
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Author : Anders Isaksson
language : en
Publisher:
Release Date : 2010
Structural Change And Productivity Growth written by Anders Isaksson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Industrial productivity categories.
The purpose of this paper is to obtain a measure of how important intersectoral reallocation, or structural change, of firms is for aggregate productivity performance. Evidence for such effects is sought by reviewing empirical literature. In addition, the methodological evolution for such measurement is discussed. The a priori belief was that the reallocation component is a relatively important contributor in developing countries and less so in industrialized ones, leading to differing policy implications. It turns out, however, that those expectations found little support in the data. In fact, relatively poor countries benefit at least as much as do advanced economies from firms' own innovation efforts; also in those countries does the structural change effect contribute little to overall performance. The policy implications of this finding are far-reaching and point to the need to develop capabilities for innovative activities. However, such capabilities may be different in developing countries in that strengthening of base functions such as schooling and health may be more important than, say, the development of national innovation systems, which are more appropriate for advanced economies. While intersectoral reallocations may not play a prominent role, there are reasons to believe that intrasectoral reallocations are. If correct, the decomposition efforts and methods would need to be refined further. The paper concludes by pointing to how this could be done as well as where to look for such information--p. iv.
Structural Transformation And Economic Development
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Author : Banji Oyelaran-Oyeyinka
language : en
Publisher: Routledge
Release Date : 2016-09-13
Structural Transformation And Economic Development written by Banji Oyelaran-Oyeyinka and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-13 with Business & Economics categories.
This book examines long-term structural changes and the broad impact on economic development in regional comparative perspectives. The book analyzes data across Africa, Asia and Latin America. It looks at key variables of productivity growth, industrialization, poverty, urbanization, and employment. This book is concerned with understanding structural change dynamics and how it affects job creation, living standards, and the efficiency of productive cities through manufacturing productivity growth that benefits majority of citizens. With empirical evidence from a selected number of developing countries including China, India, Brazil, Nigeria and South Africa, the book attempts to present the considerable structural changes of these countries over the last few decades. It highlights that growth without the expected job creation is one of the distinct features of growth in emerging and developing countries. It suggests that countries may well record economic growth, whether through within sector productivity increase or through structural change, but this may not necessarily lead to employment, an important concern for long-term development.
New Perspectives On Structural Change
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Author : Ludovico Alcorta
language : en
Publisher: Oxford University Press
Release Date : 2021
New Perspectives On Structural Change written by Ludovico Alcorta and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with Business & Economics categories.
Here is a comprehensive edited volume that outlines the historical roots and state-of-the-art debates on the role of structural change in the process of economic development, including both orthodox and heterodox perspectives and contributions from prominent scholars in this field.
Structural Change And Productivity Growth 20 Years Later
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Author :
language : en
Publisher:
Release Date : 2008
Structural Change And Productivity Growth 20 Years Later written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Caribbean Area categories.
The Role Of Structural Transformation In The Potential Of Asian Economic Growth
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Author : Neil Foster-McGregor
language : en
Publisher:
Release Date : 2016
The Role Of Structural Transformation In The Potential Of Asian Economic Growth written by Neil Foster-McGregor and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.