Verfügbarkeit: The New Normal

The New Normal: A Sector-level Perspective on Productivity Trends in Advanced Economies

Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and i...

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1. Verfasser:	Dabla-Norris, Era (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2015
Schriftenreihe:	IMF Staff Discussion Notes Staff Discussion Notes No. 15/3
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries
Beschreibung:	1 Online-Ressource (58 p)
ISBN:	1498334180 9781498334181

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MARC


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spelling	Dabla-Norris, Era Verfasser aut The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies Dabla-Norris, Era Washington, D.C International Monetary Fund 2015 1 Online-Ressource (58 p) txt rdacontent c rdamedia cr rdacarrier IMF Staff Discussion Notes Staff Discussion Notes No. 15/3 Total factor productivity growth was stagnant or slowing in many advanced countries even prior to the crisis. This paper documents sector-level productivity patterns across advanced economies prior to the crisis and examines the role of product and labor market rigidities as well as innovation and investments in information technology and human capital in driving productivity differences across sectors and countries. Since productivity payoffs of reforms evolve over time, we also focus on large changes in the structural indicators examine their dynamic impact on productivity, employment, and output. Our results suggest that reform priorities depend on country-specific settings, including the scale of specific policy distortions and the distance from the technology frontier. Productivity gains from reforms are large and materialize predominantly in the medium term, with some important variations across industries and countries Online-Ausg Guo, Si Sonstige oth Haksar, Vikram Sonstige oth Kim, Minsuk Sonstige oth Kochhar, Kalpana Sonstige oth Wiseman, Kevin Sonstige oth Zdzienicka, Aleksandra Sonstige oth http://elibrary.imf.org/view/IMF006/22371-9781498334181/22371-9781498334181/22371-9781498334181.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Dabla-Norris, Era The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies
title	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies
title_auth	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies
title_exact_search	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies
title_exact_search_txtP	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies
title_full	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies Dabla-Norris, Era
title_fullStr	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies Dabla-Norris, Era
title_full_unstemmed	The New Normal A Sector-level Perspective on Productivity Trends in Advanced Economies Dabla-Norris, Era
title_short	The New Normal
title_sort	the new normal a sector level perspective on productivity trends in advanced economies
title_sub	A Sector-level Perspective on Productivity Trends in Advanced Economies
url	http://elibrary.imf.org/view/IMF006/22371-9781498334181/22371-9781498334181/22371-9781498334181.xml
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