Is the effect of labour reallocation on aggregate labour productivity growth less than the effect of real productivity? A robust finding in meta-analyses by Bartelsman et al. (2004) and Paǵes et al. (2008) is affirmative.
The introduction of labor-saving technologies in agriculture can release workers who find occupation in the manufacturing sector. The traditional view is that this structural transformation process leads to economic growth.
Technology is often embodied in expensive and indivisible capital goods. As a result, the small scale of firms in developing countries could hinder investment and productivity. Bassi et al.
The goal of this paper was to estimate an empirical hazard function of firms by determining the impact of selected firm characteristics and unobserved heterogeneity on a firm‟s survival time prior to exit during a period of de factor trade liberalization.
Carranza et al. (2020) present field experimental evidence that limited information about workseekers’ skills distorts both firm and workseeker behavior.
This research note describes experimental evidence from Kenya on intermediary market structure. We find that traders act consistently with joint profit maximization.
The COVID-19 crisis has hit everywhere at once. Lower-income countries should not expect large inflows of aid; they will be left largely to their own resources. Those resources are limited, so lower-income countries need to find leverage wherever they can.
