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Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel? / Maty Konte.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Konte, Maty.
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Economic Growth.
- Labor Markets.
- Labor Productivity.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Private Sector Economics.
- Productivity.
- Social Protections and Labor.
- Structural Reform.
- Structural Transformation.
- Trade Reform.
- Local Subjects:
- Economic Growth.
- Labor Markets.
- Labor Productivity.
- Macroeconomics and Economic Growth.
- Private Sector Development.
- Private Sector Economics.
- Productivity.
- Social Protections and Labor.
- Structural Reform.
- Structural Transformation.
- Trade Reform.
- Physical Description:
- 1 online resource (37 pages)
- Other Title:
- Structural Reforms and Productivity Growth in Developing Countries
- Place of Publication:
- Washington, D.C. : The World Bank, 2021.
- System Details:
- data file
- Summary:
- This paper investigates the effects of financial sector, product market, and trade reforms on labor productivity growth and its two components-the intra-sectoral (within) and inter-sectoral (between) components-in a sample of developing countries over 1975-2005. The paper finds that most of the past trade, product, and financial sector reforms have increased the growth rate of labor productivity. In particular, countries that are further away from the technology leader tend to benefit more from structural reforms than countries closer to the technology frontier. Looking at the subcomponents of labor productivity growth, the paper finds that structural reforms work mostly through the intra-allocative efficiency channel but not through the inter-allocative efficiency channel. The intra-sectoral component is the main driver of the impacts of reforms on labor productivity growth, with a contribution between 76 and 96 percent.
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