Frequently, factors other than structural developments in technology and production efficiency drive changes in labor productivity in advanced and emerging market and developing economies (EMDEs). This paper uses a new method to extract technology shocks that excludes these influences, resulting in lasting improvements in labor productivity. The same methodology in turn is used to identify a stylized example of the effects of a demand shock on productivity...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/01/25
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Рабочий документ в рамках исследования вопросов политики
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WPS9525
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1
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1
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2021/01/25
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Disclosed
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Technology and Demand Drivers of Productivity Dynamics in Developed and Emerging Market Economies
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advanced economy
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