Productivity Growth and Structural Reform in Bulgaria: Restarting the Convergence Engine
Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its high lo...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2012
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 12/131 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers |
| Zusammenfassung: | Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its high long-term and youth unemployment. Our analysis of the drivers of labor productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo where it would take an additional 10 years |
| Beschreibung: | 1 Online-Ressource (20 p) |
| ISBN: | 1475503679 9781475503678 |
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| index_date | 2024-07-03T20:13:17Z |
| indexdate | 2024-07-10T09:35:25Z |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Pouvelle, Cyril Verfasser aut Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine Pouvelle, Cyril Washington, D.C International Monetary Fund 2012 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 12/131 Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its high long-term and youth unemployment. Our analysis of the drivers of labor productivity suggest that for Bulgaria closing the gap with EU standards in the areas of institutional and infrastructure quality, goods market efficiency, higher education, and innovation would permanently boost productivity growth by a total of 1 percentage point a year. This would be enough to close the income gap with the EU average by 2040, compared to the status quo where it would take an additional 10 years Online-Ausg Mitra, Pritha Sonstige oth http://elibrary.imf.org/view/IMF001/12821-9781475503678/12821-9781475503678/12821-9781475503678.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Pouvelle, Cyril Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine |
| title | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine |
| title_auth | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine |
| title_exact_search | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine |
| title_exact_search_txtP | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine |
| title_full | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine Pouvelle, Cyril |
| title_fullStr | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine Pouvelle, Cyril |
| title_full_unstemmed | Productivity Growth and Structural Reform in Bulgaria Restarting the Convergence Engine Pouvelle, Cyril |
| title_short | Productivity Growth and Structural Reform in Bulgaria |
| title_sort | productivity growth and structural reform in bulgaria restarting the convergence engine |
| title_sub | Restarting the Convergence Engine |
| url | http://elibrary.imf.org/view/IMF001/12821-9781475503678/12821-9781475503678/12821-9781475503678.xml |
| work_keys_str_mv | AT pouvellecyril productivitygrowthandstructuralreforminbulgariarestartingtheconvergenceengine AT mitrapritha productivitygrowthandstructuralreforminbulgariarestartingtheconvergenceengine |