Structural transformation and the volatility of aggregate output in OECD countries:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.]
International Monetary Fund
©2013
|
| Schriftenreihe: | IMF working paper
WP/13/43 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Beschreibung: | Title from PDF title page (IMF Web site, viewed Feb. 19, 2013). - "Institute for Capacity Development"--Page 2 of pdf. - "February 2013"--Page 2 of pdf "This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD - after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate output would therefore become less volatile as labor moves away from agriculture and manufacturing and toward the service sector. I examine the quantitative role of these labor shifts - termed structural transformation - on the volatility of aggregate output in OECD countries. I first calibrate to the U.S. economy an indivisible labor model in which the reallocation of labor across sectors emerges endogenously from sectoral labor productivity growth differentials. The setup is then used to generate the time path of labor shares in agriculture, manufacturing and services in individual countries. Finally, I perform a set of counterfactual analyzes in which the reallocation of labor across sectors is constrained endogenously. I find that the secular shift of labor towards the service sector was volatility-reducing in OECD countries during 1970-2006"--Abstract Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (29 pages) |
| ISBN: | 9781475544701 1475544707 |
Internformat
MARC
| LEADER | 00000nmm a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV042965128 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 151030s2013 |||| o||u| ||||||eng d | ||
| 020 | |a 9781475544701 |c electronic bk. |9 978-1-4755-4470-1 | ||
| 020 | |a 1475544707 |c electronic bk. |9 1-4755-4470-7 | ||
| 035 | |a (OCoLC)828036227 | ||
| 035 | |a (DE-599)BVBBV042965128 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 332.152 |2 23 | |
| 100 | 1 | |a Lonkeng Ngouana, Constant |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Structural transformation and the volatility of aggregate output in OECD countries |c Constant Lonkeng Ngouana |
| 264 | 1 | |a [Washington, D.C.] |b International Monetary Fund |c ©2013 | |
| 300 | |a 1 Online-Ressource (29 pages) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a IMF working paper |v WP/13/43 | |
| 500 | |a Title from PDF title page (IMF Web site, viewed Feb. 19, 2013). - "Institute for Capacity Development"--Page 2 of pdf. - "February 2013"--Page 2 of pdf | ||
| 500 | |a "This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD - after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate output would therefore become less volatile as labor moves away from agriculture and manufacturing and toward the service sector. I examine the quantitative role of these labor shifts - termed structural transformation - on the volatility of aggregate output in OECD countries. I first calibrate to the U.S. economy an indivisible labor model in which the reallocation of labor across sectors emerges endogenously from sectoral labor productivity growth differentials. The setup is then used to generate the time path of labor shares in agriculture, manufacturing and services in individual countries. Finally, I perform a set of counterfactual analyzes in which the reallocation of labor across sectors is constrained endogenously. I find that the secular shift of labor towards the service sector was volatility-reducing in OECD countries during 1970-2006"--Abstract | ||
| 500 | |a Includes bibliographical references | ||
| 650 | 7 | |a BUSINESS & ECONOMICS / Banks & Banking |2 bisacsh | |
| 650 | 7 | |a Gross national product |2 fast | |
| 650 | 7 | |a Labor productivity |2 fast | |
| 650 | 7 | |a Service industries |2 fast | |
| 650 | 7 | |a Structural adjustment (Economic policy) |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Service industries |z OECD countries | |
| 650 | 4 | |a Gross national product |z OECD countries | |
| 650 | 4 | |a Labor productivity |z OECD countries | |
| 650 | 4 | |a Structural adjustment (Economic policy) |z OECD countries | |
| 710 | 2 | |a International Monetary Fund |b Institute for Capacity Development |e Sonstige |4 oth | |
| 856 | 4 | 0 | |u http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=561195 |x Aggregator |3 Volltext |
| 912 | |a ZDB-4-EBU | ||
| 940 | 1 | |q FLA_PDA_EBU | |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-028390995 | ||
Datensatz im Suchindex
| _version_ | 1804175290191052800 |
|---|---|
| any_adam_object | |
| author | Lonkeng Ngouana, Constant |
| author_facet | Lonkeng Ngouana, Constant |
| author_role | aut |
| author_sort | Lonkeng Ngouana, Constant |
| author_variant | n c l nc ncl |
| building | Verbundindex |
| bvnumber | BV042965128 |
| collection | ZDB-4-EBU |
| ctrlnum | (OCoLC)828036227 (DE-599)BVBBV042965128 |
| dewey-full | 332.152 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.152 |
| dewey-search | 332.152 |
| dewey-sort | 3332.152 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03198nmm a2200481zcb4500</leader><controlfield tag="001">BV042965128</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">151030s2013 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781475544701</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">978-1-4755-4470-1</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">1475544707</subfield><subfield code="c">electronic bk.</subfield><subfield code="9">1-4755-4470-7</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)828036227</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042965128</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.152</subfield><subfield code="2">23</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Lonkeng Ngouana, Constant</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Structural transformation and the volatility of aggregate output in OECD countries</subfield><subfield code="c">Constant Lonkeng Ngouana</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">[Washington, D.C.]</subfield><subfield code="b">International Monetary Fund</subfield><subfield code="c">©2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (29 pages)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">IMF working paper</subfield><subfield code="v">WP/13/43</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Title from PDF title page (IMF Web site, viewed Feb. 19, 2013). - "Institute for Capacity Development"--Page 2 of pdf. - "February 2013"--Page 2 of pdf</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">"This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD - after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate output would therefore become less volatile as labor moves away from agriculture and manufacturing and toward the service sector. I examine the quantitative role of these labor shifts - termed structural transformation - on the volatility of aggregate output in OECD countries. I first calibrate to the U.S. economy an indivisible labor model in which the reallocation of labor across sectors emerges endogenously from sectoral labor productivity growth differentials. The setup is then used to generate the time path of labor shares in agriculture, manufacturing and services in individual countries. Finally, I perform a set of counterfactual analyzes in which the reallocation of labor across sectors is constrained endogenously. I find that the secular shift of labor towards the service sector was volatility-reducing in OECD countries during 1970-2006"--Abstract</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS / Banks & Banking</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Gross national product</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Labor productivity</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Service industries</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Structural adjustment (Economic policy)</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Service industries</subfield><subfield code="z">OECD countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Gross national product</subfield><subfield code="z">OECD countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Labor productivity</subfield><subfield code="z">OECD countries</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Structural adjustment (Economic policy)</subfield><subfield code="z">OECD countries</subfield></datafield><datafield tag="710" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="b">Institute for Capacity Development</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=561195</subfield><subfield code="x">Aggregator</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBU</subfield></datafield><datafield tag="940" ind1="1" ind2=" "><subfield code="q">FLA_PDA_EBU</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-028390995</subfield></datafield></record></collection> |
| id | DE-604.BV042965128 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:13:56Z |
| institution | BVB |
| isbn | 9781475544701 1475544707 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-028390995 |
| oclc_num | 828036227 |
| open_access_boolean | |
| physical | 1 Online-Ressource (29 pages) |
| psigel | ZDB-4-EBU FLA_PDA_EBU |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | International Monetary Fund |
| record_format | marc |
| series2 | IMF working paper |
| spelling | Lonkeng Ngouana, Constant Verfasser aut Structural transformation and the volatility of aggregate output in OECD countries Constant Lonkeng Ngouana [Washington, D.C.] International Monetary Fund ©2013 1 Online-Ressource (29 pages) txt rdacontent c rdamedia cr rdacarrier IMF working paper WP/13/43 Title from PDF title page (IMF Web site, viewed Feb. 19, 2013). - "Institute for Capacity Development"--Page 2 of pdf. - "February 2013"--Page 2 of pdf "This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD - after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more volatile in agriculture and manufacturing than in services. Aggregate output would therefore become less volatile as labor moves away from agriculture and manufacturing and toward the service sector. I examine the quantitative role of these labor shifts - termed structural transformation - on the volatility of aggregate output in OECD countries. I first calibrate to the U.S. economy an indivisible labor model in which the reallocation of labor across sectors emerges endogenously from sectoral labor productivity growth differentials. The setup is then used to generate the time path of labor shares in agriculture, manufacturing and services in individual countries. Finally, I perform a set of counterfactual analyzes in which the reallocation of labor across sectors is constrained endogenously. I find that the secular shift of labor towards the service sector was volatility-reducing in OECD countries during 1970-2006"--Abstract Includes bibliographical references BUSINESS & ECONOMICS / Banks & Banking bisacsh Gross national product fast Labor productivity fast Service industries fast Structural adjustment (Economic policy) fast Wirtschaft Service industries OECD countries Gross national product OECD countries Labor productivity OECD countries Structural adjustment (Economic policy) OECD countries International Monetary Fund Institute for Capacity Development Sonstige oth http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=561195 Aggregator Volltext |
| spellingShingle | Lonkeng Ngouana, Constant Structural transformation and the volatility of aggregate output in OECD countries BUSINESS & ECONOMICS / Banks & Banking bisacsh Gross national product fast Labor productivity fast Service industries fast Structural adjustment (Economic policy) fast Wirtschaft Service industries OECD countries Gross national product OECD countries Labor productivity OECD countries Structural adjustment (Economic policy) OECD countries |
| title | Structural transformation and the volatility of aggregate output in OECD countries |
| title_auth | Structural transformation and the volatility of aggregate output in OECD countries |
| title_exact_search | Structural transformation and the volatility of aggregate output in OECD countries |
| title_full | Structural transformation and the volatility of aggregate output in OECD countries Constant Lonkeng Ngouana |
| title_fullStr | Structural transformation and the volatility of aggregate output in OECD countries Constant Lonkeng Ngouana |
| title_full_unstemmed | Structural transformation and the volatility of aggregate output in OECD countries Constant Lonkeng Ngouana |
| title_short | Structural transformation and the volatility of aggregate output in OECD countries |
| title_sort | structural transformation and the volatility of aggregate output in oecd countries |
| topic | BUSINESS & ECONOMICS / Banks & Banking bisacsh Gross national product fast Labor productivity fast Service industries fast Structural adjustment (Economic policy) fast Wirtschaft Service industries OECD countries Gross national product OECD countries Labor productivity OECD countries Structural adjustment (Economic policy) OECD countries |
| topic_facet | BUSINESS & ECONOMICS / Banks & Banking Gross national product Labor productivity Service industries Structural adjustment (Economic policy) Wirtschaft Service industries OECD countries Gross national product OECD countries Labor productivity OECD countries Structural adjustment (Economic policy) OECD countries |
| url | http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=561195 |
| work_keys_str_mv | AT lonkengngouanaconstant structuraltransformationandthevolatilityofaggregateoutputinoecdcountries AT internationalmonetaryfundinstituteforcapacitydevelopment structuraltransformationandthevolatilityofaggregateoutputinoecdcountries |