Contradicting the conventional wisdom of constant factor shares, the portion of national income accruing to labor has been trending downward in the last three decades. This decline must have contributed to rising inequality as labor income is more evenly distributed than capital income. This...

"This book examines driving factors and the effects of globalisation on economic development through firm and product level data. The book is organised into four themes i.e. productivity, innovation, wage and income gap, and within-firm reallocation of resources. The comprehensiveness and...