Israel : Selected Issues.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. European Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/262

IMF Staff Country Reports

Language:

English

Subjects (All):

Inflation (Finance)--Israel.

Inflation (Finance).

Labor market--Israel.

Labor market.

Israel--Economic policy.

Israel.

Israel--Economic conditions.

Physical Description:

1 online resource (70 pages) : illustrations (some color), tables.

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Summary:

This Selected Issues paper examines labor productivity in Israel. Israel’s GDP per capita is low relative to the United States despite high labor input, as labor productivity is low. Catch-up of labor productivity to the United States stopped in the 1980s and relative labor productivity has since declined. Low labor productivity is the result of a low capital-to-labor ratio—kept low by high employment growth—and low total factor productivity growth. The latter may reflect lack of competition and product market restrictions, which are among the highest in advanced economies. Boosting competition, lowering product-market restrictions, and improving the quality of education and infrastructure would help boost productivity.

Notes:

Includes bibliographical references.

Description based on online resource; title from PDF cover (ebrary, viewed June 14, 2016).

ISBN:

9781513507941

151350794X

9781513586670

151358667X

9781513518923

1513518925