Mind the skills gap! Regional and industry patterns in emerging economies:
Most emerging economies are characterised by lagging levels of productivity. While economic growth has been robust in much of the emerging world during the last two decades, it has generally been grounded on factor accumulation, with marginal contributions from productivity. With the economic litera...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2016
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| Schriftenreihe: | OECD Development Centre Working Papers
no.329 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Most emerging economies are characterised by lagging levels of productivity. While economic growth has been robust in much of the emerging world during the last two decades, it has generally been grounded on factor accumulation, with marginal contributions from productivity. With the economic literature pointing to human capital and skills as a key conduit of productivity, the inability of firms to find the skills they need appears as a key brake on development. This paper aims to identify the dimensions where this skill gap is more prevalent, particularly across emerging regions and industries. We devise an empirical analysis that uses two alternative specifications based on limited dependent variable analysis. The results place Latin America as the emerging region where firms have the greatest problems derived from the lack of adequate skills, well ahead of emerging Asia and Europe, but also of sub-Saharan Africa. In terms of sectors, two advanced manufacturing industries (machinery and motor vehicles) are particularly affected by this relative scarcity of adequately trained workers. Policy recommendations hinge on the need to solve the mismatch between the provision of skills by educational systems and the needs of the economy. |
| Beschreibung: | 1 Online-Ressource (30 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5jm5hkp7v145-en |
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| 520 | |a Most emerging economies are characterised by lagging levels of productivity. While economic growth has been robust in much of the emerging world during the last two decades, it has generally been grounded on factor accumulation, with marginal contributions from productivity. With the economic literature pointing to human capital and skills as a key conduit of productivity, the inability of firms to find the skills they need appears as a key brake on development. This paper aims to identify the dimensions where this skill gap is more prevalent, particularly across emerging regions and industries. We devise an empirical analysis that uses two alternative specifications based on limited dependent variable analysis. The results place Latin America as the emerging region where firms have the greatest problems derived from the lack of adequate skills, well ahead of emerging Asia and Europe, but also of sub-Saharan Africa. In terms of sectors, two advanced manufacturing industries (machinery and motor vehicles) are particularly affected by this relative scarcity of adequately trained workers. Policy recommendations hinge on the need to solve the mismatch between the provision of skills by educational systems and the needs of the economy. | ||
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| spelling | Melguizo, Ángel VerfasserIn aut Mind the skills gap! Regional and industry patterns in emerging economies Ángel, Melguizo and José Ramón, Perea Paris OECD Publishing 2016 1 Online-Ressource (30 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Centre Working Papers no.329 Most emerging economies are characterised by lagging levels of productivity. While economic growth has been robust in much of the emerging world during the last two decades, it has generally been grounded on factor accumulation, with marginal contributions from productivity. With the economic literature pointing to human capital and skills as a key conduit of productivity, the inability of firms to find the skills they need appears as a key brake on development. This paper aims to identify the dimensions where this skill gap is more prevalent, particularly across emerging regions and industries. We devise an empirical analysis that uses two alternative specifications based on limited dependent variable analysis. The results place Latin America as the emerging region where firms have the greatest problems derived from the lack of adequate skills, well ahead of emerging Asia and Europe, but also of sub-Saharan Africa. In terms of sectors, two advanced manufacturing industries (machinery and motor vehicles) are particularly affected by this relative scarcity of adequately trained workers. Policy recommendations hinge on the need to solve the mismatch between the provision of skills by educational systems and the needs of the economy. Development Perea, José Ramón MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5jm5hkp7v145-en Volltext |
| spellingShingle | Melguizo, Ángel Mind the skills gap! Regional and industry patterns in emerging economies Development |
| title | Mind the skills gap! Regional and industry patterns in emerging economies |
| title_auth | Mind the skills gap! Regional and industry patterns in emerging economies |
| title_exact_search | Mind the skills gap! Regional and industry patterns in emerging economies |
| title_full | Mind the skills gap! Regional and industry patterns in emerging economies Ángel, Melguizo and José Ramón, Perea |
| title_fullStr | Mind the skills gap! Regional and industry patterns in emerging economies Ángel, Melguizo and José Ramón, Perea |
| title_full_unstemmed | Mind the skills gap! Regional and industry patterns in emerging economies Ángel, Melguizo and José Ramón, Perea |
| title_short | Mind the skills gap! Regional and industry patterns in emerging economies |
| title_sort | mind the skills gap regional and industry patterns in emerging economies |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/5jm5hkp7v145-en |
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