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There is a widespread perception that the Republic of Korea's service sector lags behind its dynamic world-class manufacturing sector. We empirically analyze the past performance of the Republic of Korea's service sector in order to assess its prospects as an engine of growth. Our analysis...
Persistent link: https://www.econbiz.de/10010507363
, somewhat surprisingly in light of the difficulty of achieving productivity gains in services, we also find that services labor … productivity grew at a healthy pace in much of the region. Overall our analysis provides substantial cause for optimism about the …
Persistent link: https://www.econbiz.de/10010507372
Finland from 1975 to 2001. ICT-production has in the late 1990s had significant impacts on growth and labour productivity (LP …. Labour productivity growth in the period 1995 to 2001 manifests larger structural changes than in previous periods, with the … step-up in multi-factor productivity being the most notable. The relative contribution of ICT-capital deepening has also …
Persistent link: https://www.econbiz.de/10010285176
industrialization. In this paper, we propose a new methodology to structurally estimate productivity growth in service industries that … both a consequence-due to income effects-and a cause- due to productivity growth- of the development process. We estimate … the model using Indian household data. We find that productivity growth in non-tradable consumer services such as retail …
Persistent link: https://www.econbiz.de/10014474491
In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed...
Persistent link: https://www.econbiz.de/10010266660
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This paper provides an empirical analysis of energy- and labour-productivity convergence at a detailed sectoral level …-country variation in productivity performance depends on the level of aggregation. Both patterns of convergence as well as divergence … catch up with technological leaders, in particular in terms of energy productivity. Moreover, the results show that …
Persistent link: https://www.econbiz.de/10010325188
technological change, by exploring trends in energy- and labour productivity development for 14 OECD countries and four sectors over … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements …. In contrast, structural changes only play a minor role in explaining macroeconomic labour-productivity developments. We …
Persistent link: https://www.econbiz.de/10010325213
approach, we assert that the social compromise between capital and labour is founded on the redistribution of the productivity … productivity growth. We think that describing the dynamics of productivity means understanding the main features of the …, increasing productivity - via knowledge and network externalities - output and employment). As a result, we first point out the …
Persistent link: https://www.econbiz.de/10010326098