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Asia Rising

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  • International Monetary Fund

Abstract

This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia''s remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases. These factors were in turn supported by the region''s relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors. Looking ahead, sustaining rapid growth requires meeting a number of key challenges: (i) implementing reforms to boost productivity in the increasingly important, but currently lagging, service sectors; (ii) providing policy support for continuing the shift of resources from agriculture to industry and services; (iii) strengthening policy frameworks in late-developing countries.

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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Working Papers with number 07/130.

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Length: 46
Date of creation: 01 Jun 2007
Date of revision:
Handle: RePEc:imf:imfwpa:07/130

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Related research

Keywords: Asia; Productivity; Economic growth; productivity growth; employment; agricultural employment; employment share; total employment; total factor productivity; industrial statistics; industrial countries; industrial policy; share of employment; employment in industry; employment shares; service sector; employment in agriculture; skilled labor; industrial productivity;

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References

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  1. Dale W. Jorgenson & Khuong Vu, 2005. "Information Technology and the World Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 107(4), pages 631-650, December.
  2. Dale W. Jorgenson & Khuong Vu, 2005. "Information technology and the world economy," Proceedings, Federal Reserve Bank of San Francisco.
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Cited by:
  1. Boileau Loko & Mame Astou Diouf, 2009. "Revisiting the Determinants of Productivity Growth," IMF Working Papers 09/225, International Monetary Fund.

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