Download e-book for iPad: Analytical methods in economics by Akira Takayama

By Akira Takayama

ISBN-10: 0472081357

ISBN-13: 9780472081356

ISBN-10: 0745010369

ISBN-13: 9780745010366

An obtainable creation to the analytical origin of economics

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1 n ra de Fe ian ss Ru Source: Piatkowski and van Ark 2007. tio nia ma 5 Ro EU -1 lga ria c pu Re ak ov Sl Bu bli ia en d ov Sl lan y Po ar ng Hu ep hR Cz ec Un ite dS ta ub te lic s 0 14 Unleashing Prosperity FIGURE 9 TFP in the Poorest Countries in the Region Is Only Half the Level in the EU-10 a. In (TFP) b. 5 CIS-low CIS-mid 1992 SEE 1998 Turkey 2005 EU-10 China East Asia 1990 Industrial 1998 LAC the Region 2005 Source: World Bank staff calculations. brought about a remarkable boost in job flows, although the net employment impact varied across countries, subregions, and industries.

In addition, firms in these countries were so far from the technology frontier that the acquisition of foreign machinery and equipment, combined with favorable terms of trade and the utilization of excess capacity, made extremely large productivity gains possible within a short time. Sustained and strong productivity growth over the longer term will prove more difficult as excess capacity is used up. Recent efforts to promote privatization and firm restructuring are steps in the right direction.

These industries have shown higher productivity levels and a greater propensity to use or produce ICT such as retail trade, transport, telecommunications, and financial intermediation services. The productivity growth in these sectors during 1997–2004 surpassed the average productivity growth achieved among the EU-15. Nevertheless, a substantial gap remains in productivity levels. The strong performance of these service industries suggests that there is a potential for growth driven by services.

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Analytical methods in economics by Akira Takayama

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