Sectoral Decomposition of Convergence in Labor Productivity: A Re-Examination from a New Dataset

This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to aggregate beta convergence, using a newly constructed eight-sector database. The main findings are twofold. First, both within and sectoral reallocation have become im...

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1. Verfasser: Dieppe, Alistair (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C The World Bank 2021
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Zusammenfassung:This paper investigates how the sector-specific source or the changing sectoral composition of labor productivity has contributed to aggregate beta convergence, using a newly constructed eight-sector database. The main findings are twofold. First, both within and sectoral reallocation have become important drivers of aggregate convergence in labor productivity. Second, agricultural productivity growth has been a significant contributor to aggregate convergence, whereas catch-up in other sectors has only contributed a small amount to convergence. The strong growth of the agriculture sector has been the most important driver of aggregate productivity convergence even though agricultural productivity itself in low-income countries is weakly converging to that in advanced economies
Beschreibung:1 Online-Ressource (30 Seiten)
DOI:10.1596/1813-9450-9767