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Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
Persistent link: https://www.econbiz.de/10012257019
productivity growth and demographic trends that dampen labor supply growth. Unless countered, these forces are expected to continue …
Persistent link: https://www.econbiz.de/10012230786
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012230745
Unprecedented monetary policy accommodation in advanced economies and a large, coordinated fiscal stimulus by G20 countries helped to support a solid rebound in global output right after the 2009 Global Recession. However, global growth subsequently slowed to a sluggish pace by pre-recession...
Persistent link: https://www.econbiz.de/10012257017
productivity growth in Malaysia. Using data from the Department of Statistics Malaysia from 1987 to 2018 and decompositions that … structural transformation but instead to sustained growth in within-sector labor productivity. At 3 percent, the contribution of …, the main policy challenge for Malaysia going forward will be to achieve sustainable labor productivity growth within …
Persistent link: https://www.econbiz.de/10012390628
This paper investigates the sources of growth in manufacturing productivity in Cote D'Ivoire, Ethiopia and Tanzania in … reallocation of market share between firms contributed substantially to productivity growth in each of the four countries, although … associated with increases in within-plant productivity. In addition, plant closure (or exit) boosted productivity more than new …
Persistent link: https://www.econbiz.de/10012114087
Persistent link: https://www.econbiz.de/10008662210
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.7 percent in 2010-17, a 2.1 percentage point decline. The most recent deceleration was due to a slowdown of productivity growth … pension reform, more migration, higher investment, and gradual acceleration of total factor productivity growth, can double …, increases in migration, investment, and productivity contribute 0.4, 0.2, 0.6, and 0.3 percentage points, respectively, to the …
Persistent link: https://www.econbiz.de/10012002576