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In most developing countries, there is a large gap in average consumption per capita between urban and rural areas. One appealing interpretation of this gap is that it reflects a spatial equilibrium, in which the higher consumption levels of urban areas are offset by lower non-monetary...
Persistent link: https://www.econbiz.de/10012946008
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap" suggests that labor is greatly misallocated...
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Most developing countries are far less productive in agriculture than in the non-agriculture sector compared to the rest of the world. Standard Ricardian trade theory predicts that developing countries should be large importers of food and should have few workers in agriculture. The data is in...
Persistent link: https://www.econbiz.de/10011081300
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap'' suggests that labor is greatly...
Persistent link: https://www.econbiz.de/10013091770
According to national accounts data, value added per worker is much higher in the non-agricultural sector than in agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural productivity gap" suggests that labor is greatly misallocated...
Persistent link: https://www.econbiz.de/10013073187
This paper draws on household survey data from countries of all income levels to measure how average unemployment rates vary with income per capita. We document that unemployment is increasing with GDP per capita. Furthermore, we show that this fact is accounted for almost entirely by...
Persistent link: https://www.econbiz.de/10012480823