Hidden Bibliographic Details
| Other authors / contributors: | Dabla-Norris, Era.
International Monetary Fund. Strategy, Policy, and Review Department.
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| ISBN: | 1498334180
9781498334181
9781498334181
1498344380
9781498344388
1498345719
9781498345712
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| Notes: | "Era Dabla-Norris, Si Guo, Vikram Haksar, Minsuk Kim, Kalpana Kochhar, Kevin Wiseman, and Aleksandra Zdzienicka."
"March 2015"--Page 2 of pdf.
"Strategy, Policy and Review Department"--Page 2 of pdf.
Includes bibliographical references (pages 35-38).
Online resource; title from PDF title page (IMF Web site, viewed April 17, 2015).
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| Summary: | 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.
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| Other form: | Print Version: 9781498334181
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| Standard no.: | 10.5089/9781498334181.006
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