Artikel

Labor productivity in the middle income trap and the graduated countries

In this paper, we investigate the role of labor productivity growth and whether the determinants of labor productivity growth differed among the middle income trap (MIT) and the graduated (non-middle income trap, NMIT) countries in the 1950–2005 period. We decompose labor productivity growth into "within sector" productivity improvements, "static structural change" productivity progress and "dynamic structural change" gains. Moreover, we study sectoral contributions to within sector productivity gains in these countries. We find that there was a significant labor productivity growth rate difference between the MIT and the NMIT countries, and this difference mainly originated from the within sector productivity improvements. Our sectoral analysis reveals that the most important sector that enlarged the within sector productivity growth gap between the MIT and the NMIT countries was manufacturing.

Language
Englisch

Bibliographic citation
Journal: Central Bank Review (CBR) ; ISSN: 1303-0701 ; Volume: 16 ; Year: 2016 ; Issue: 2 ; Pages: 73-83 ; Amsterdam: Elsevier

Classification
Wirtschaft
Macroeconomic Analyses of Economic Development
Economic Growth and Aggregate Productivity: General
Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
Subject
Economic growth
Productivity
Structural change
Middle income trap

Event
Geistige Schöpfung
(who)
Yılmaz, Gokhan
Event
Veröffentlichung
(who)
Elsevier
(where)
Amsterdam
(when)
2016

DOI
doi:10.1016/j.cbrev.2016.05.004
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Artikel

Associated

  • Yılmaz, Gokhan
  • Elsevier

Time of origin

  • 2016

Other Objects (12)