5 research outputs found
Sources of TFP growth: occupational choice and financial deepening
O47, O16, J24, D24, Total factor productivity, Occupation choice, Financial deepening,
Dualism and cross-country growth regressions
This paper develops empirical growth models suitable for dual economies, and studies the relationship between structural change and economic growth. Changes in the structure of employment will raise aggregate productivity when the marginal product of labor varies across sectors. The models in the paper incorporate this effect in a more flexible way than previous work. Estimates of the models imply sizeable marginal product differentials, and indicate that the reallocation of labor makes a significant contribution to the international variation in productivity growth. Copyright Springer Science+Business Media, LLC 2006Structural change, Dualism, Wage differentials, TFP growth, O11, O40,