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Author: Alejandro Díaz-Bautista
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 122
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Book Description
Author: Alejandro Díaz-Bautista
Publisher:
ISBN:
Category : Labor productivity
Languages : en
Pages : 122
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Book Description
Author: Javier Escribá Pérez
Publisher:
ISBN:
Category :
Languages : es
Pages : 29
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Book Description
Author: Francesco Caselli
Publisher:
ISBN:
Category : Convergence (Economics)
Languages : en
Pages : 68
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Book Description
Author: William J. Baumol
Publisher: Oxford University Press
ISBN: 0195359267
Category : Business & Economics
Languages : en
Pages : 356
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Book Description
This comprehensive study is a collection of original articles that view the current state of knowledge of the convergence hypothesis. The hypothesis asserts that at least since the Second World War, and perhaps for a considerable period before that, the group of industrial countries was growing increasingly homogeneous in terms of levels of productivity, technology and per capita incomes. In addition, there was general catch up toward the leader, with gradual erosion of the gap between the leader country, the U.S., throughout most of the pertinent period, and that of the countries lagging most closely behind it. The book examines patterns displayed by individual industries within countries as well as the aggregate economies, various influences that underlie the process of convergence that seems to have occurred, and the role that convergence has played and promises to play in the future of the newly industrialized nations and the less developed countries. Much of the analysis is set in a historical perspective, with particular attention paid to the record following World War II. The prestigious editors conclude that increasing productivity is the key to rising living standards in a globalized marketplace. Contributors include: Moses Abramovitz, Alice M. Amsden, Magnus Blomstrom, David Dollar, Takashi Hikino, Gregory Ingram, William Lazonick, Frank Lichtenberg, Robert E. Lipsey, Angus Maddison, Gavin Wright, and Mario Zejan.
Author: Hong Chen
Publisher: LAP Lambert Academic Publishing
ISBN: 9783848422807
Category : Economic development
Languages : en
Pages : 260
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Book Description
This thesis examines the Chinese economy by focusing on three issues: convergence, total factor productivity (TFP) and industrial growth. Based on China's 28 provinces, municipalities and autonomous regions (henceforth 'provinces') over 1979-2004, the analysis of convergence discovered the share of physical capital in China's output of 0.23 and convergence rate of 5.6 per cent per annum. The analysis of TFP found that TFP growth in the Eastern and Central Zones was accomplished mainly through technical progress rather than efficiency improvement, while the pattern was completely different in the least developed Western Zone. For China as a whole, TFP grew at a rate of 2.75 per cent per annum, which accounted for 30.02 per cent of its real GDP growth. And the study of industrial growth of 26 industries in 9 provinces of the Eastern Zone over 2001-2005 suggested that the dynamic externalities, such as industrial specialization, competition and industrial spillovers across provinces, played an important role in province-industrial growth. Province-specific externalities, including exports, education, local market size and transport infrastructure, spurred industrial growth.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 29
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Book Description
Author: Mr.Roberto Cardarelli
Publisher: International Monetary Fund
ISBN: 1513551647
Category : Business & Economics
Languages : en
Pages : 24
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Book Description
Total factor productivity (TFP) growth began slowing in the United States in the mid-2000s, before the Great Recession. To many, the main culprit is the fading positive impact of the information technology (IT) revolution that took place in the 1990s. But our estimates of TFP growth across the U.S. states reveal that the slowdown in TFP was quite widespread and not particularly stronger in IT-producing states or in those with a relatively more intensive usage of IT. An alternative explanation offered in this paper is that the slowdown in U.S. TFP growth reflects a loss of efficiency or market dynamism over the last two decades. Indeed, there are large differences in production efficiency across U.S. states, with the states having better educational attainment and greater investment in R&D being closer to the production “frontier.”
Author: Alistair Dieppe
Publisher: World Bank Publications
ISBN: 1464816093
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD
Author: Carlos Mendez
Publisher: Springer Nature
ISBN: 9811586292
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
Testing for economic convergence across countries has been a central issue in the literature of economic growth and development. This book introduces a modern framework to study the cross-country convergence dynamics in labor productivity and its proximate sources: capital accumulation and aggregate efficiency. In particular, recent convergence dynamics of developed as well as developing countries are evaluated through the lens of a non-linear dynamic factor model and a clustering algorithm for panel data. This framework allows us to examine key economic phenomena such as technological heterogeneity and multiple equilibria. In this context, the book provides a succinct review of the recent club convergence literature, a comparative view of developed and developing countries, and a tutorial on how to implement the club convergence framework in the statistical software Stata.
Author: Robert Graham King
Publisher: World Bank Publications
ISBN:
Category : Capital
Languages : en
Pages : 53
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Book Description
Should our research and policy advice be guided by a modern version of capital fundamentalism, in which capital and investment are viewed as the primary determinants of economic development and long- run growth? No. Capital accumulation seems to be part of the process of economic development, not its igniting source.
