UID:
edocfu_9958098502302883
Format:
1 online resource (48 p.)
ISBN:
1-4623-8408-0
,
1-4527-7231-2
,
1-283-51718-3
,
1-4519-1147-5
,
9786613829634
Series Statement:
IMF working paper ; WP/07/130
Content:
This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases. These factors were in turn supported by the region's relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a number of key challenges: (i) implementing reforms to boost productivity in the increasingly important, but currently lagging, service sectors; (ii) providing policy support for continuing the shift of resources from agriculture to industry and services; (iii) strengthening policy frameworks in late-developing countries.
Note:
"June 2007."
,
Contents; I. Introduction; II. Asia's Economic Success; III. Perspiration or Inspiration?; IV. Sectoral Effects: Cross-Sector Shifts or Within-Sector Growth?; A. Across Agriculture, Industry, and Services; Sectoral composition and its evolution; Trends in productivity levels and productivity growth rates; Sectoral decomposition of productivity growth; V. Within Manufacturing; VI. Policy Determinants of Productivity Growth; VII. The Asian Story; VIII. Conclusions; References; Tables
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1. Determinants of Productivity Growth and Intersectoral Labor Shifts: Cross-Country OLS Regressions, Excluding Institutions and Investment Climate2. Determinants of Productivity Growth and Intersectoral Labor Shifts: Cross-Country OLS Regressions, Including Institutions and Investment Climate; 3. Determinants of Productivity Growth and Intersectoral Labor Shifts: Cross-Country Decade Average SUR Regressions, Excluding Institutions and Investment Climate..........
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4. Determinants of Productivity Growth and Intersectoral Labor Shifts: Cross-Country Decade Average SUR Regressions, Including Institutions and Investment ClimateFigures; 1. Output Per Capita; 2. Selected Indicators; 3. Growth Decompositions; 4. Information and Communications Technologies (ICT) Investment and Labor Productivity Growth, 1989-2005; 5. Sectoral Shares of Value Added and Employment for Asia; 6. Sectoral Shares of Employment Over Time; 7. Relative Labor Productivity of Non-Agricultural Sectors Over Time; 8. Productivity Growth by Sector
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9. Sectoral Productivity Growth Since Takeoff10. Contributions to Average Labor Productivity Growth Differentials with the United States; 11. Skill-Intensive Manufacturing Sectors: Employment and Value-Added Shares; 12. Employment Share of Skill Intensive Sectors Over Time; 13. Productivity Growth by Sector; 14. Contributions to Average Manufacturing Productivity Growth Differential with the United States; 15. Global Determinants of Productivity Growth, 1965-2005; 16. Regional Determinants of Productivity Growth, 1965-2005; 17. Detailed Contributions to Productivity Growth
,
English
Additional Edition:
ISBN 1-4518-6694-1
Language:
English
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