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Asia Rising; A Sectoral Perspective

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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.

Suggested Citation

  • International Monetary Fund, 2007. "Asia Rising; A Sectoral Perspective," IMF Working Papers 07/130, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:07/130
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    1. 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. Karaman, Filiz & Aydogan, E. Tomris & Geyikdagi, V. Necla, 2015. "Economic Convergence: A Panel Analysis of Growth Variables in Selected Asian and Latin American Countries - Convergenza economica: un’analisi panel di variabili di crescita in una selezione di paesi a," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 68(3), pages 385-400.
    2. International Monetary Fund, 2014. "Philippines; Selected Issues," IMF Staff Country Reports 14/246, International Monetary Fund.
    3. Martins IYOBOYI & Abdrelrasaq NA-ALLAH, 2014. "Innovation and economic growth: evidence from Nigeria," EuroEconomica, Danubius University of Galati, issue 1(33), pages 43-54, May.
    4. Gisela Di Meglio & Jorge Gallego & Andrés Maroto & Maria Savona, 2015. "Services in Developing Economies: A new chance for catching-up?," SPRU Working Paper Series 2015-32, SPRU - Science and Technology Policy Research, University of Sussex.
    5. repec:asi:adprev:2017:p:281-298 is not listed on IDEAS
    6. Boileau Loko & Mame Astou Diouf, 2009. "Revisiting the Determinants of Productivity Growth - What’s new?," IMF Working Papers 09/225, International Monetary Fund.
    7. Johnny Åkerholm, 2010. "Discussion comments on "Labour markets in newly integrating economies such as India and China: are they different?"," BIS Papers chapters,in: Globalisation, labour markets and international adjustment - Essays in honour of Palle S Andersen, volume 50, pages 137-138 Bank for International Settlements.
    8. Edinaldo Tebaldi, 2016. "The Dynamics of Total Factor Productivity and Institutions," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 41(4), pages 1-25, December.
    9. Jagannath Mallick, 2015. "Globalisation, Structural Change and Labour Productivity Growth in BRICS Economy," FIW Working Paper series 141, FIW.

    More about this item

    Keywords

    Asia; Economic growth; Productivity; Growth; productivity growth; employment; agricultural employment; employment share; total employment;

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