The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies

Business & Finance, Economics, Money & Monetary Policy, Macroeconomics
Cover of the book The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka, INTERNATIONAL MONETARY FUND
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka ISBN: 9781498345712
Publisher: INTERNATIONAL MONETARY FUND Publication: March 18, 2015
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
ISBN: 9781498345712
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 18, 2015
Imprint: INTERNATIONAL MONETARY FUND
Language: English
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries.

More books from INTERNATIONAL MONETARY FUND

Cover of the book Finance & Development, March 2013 by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book The Modern VAT by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Banking Crises: Cases and Issues by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book The Influence of Credit Derivative and Structured Credit Markets on Financial Stability by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Central Bank Reform in the Transition Economies by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Regional Economic Outlook: Asia and Pacific, November 2008 by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Global Financial Stability Report, June 2002 by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Finance & Development, December 1979 by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book World Economic Outlook, September 2011: Slowing Growth, Rising Risks by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Fiscal Multipliers: Size, Determinants, and Use in Macroeconomic Projections by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Central America: Economic Progress and Reforms (EPub) by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Finance & Development, December 1982 by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Trade Reform and Regional Integration in Africa by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Petroleum Product Subsidies: Costly, Inequitable, and On the Rise (EPub) (PDF Download) by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
Cover of the book Transforming Financial Systems in the Baltics, Russia and Other Countries of the Former Soviet Union by Era Ms. Dabla-Norris, Si Mr. Guo, Vikram Mr. Haksar, Minsuk Kim, Kalpana Ms. Kochhar, Kevin Wiseman, Aleksandra Zdzienicka
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy