Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?

This paper investigates the effects of financial sector, product market, and trade reforms on labor productivity growth and its two components—the intra-sectoral (within) and inter-sectoral (between) components—in a sample of developing countries o...

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Main Authors:	Konté, Maty, Kouame, Wilfried A., Mensah, Emmanuel B.
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	STRUCTURAL REFORM STRUCTURAL TRANSFORMATION PRODUCTIVITY LABOR PRODUCTIVITY TRADE REFORM
Online Access:	http://documents.worldbank.org/curated/en/636691626716744853/Structural-Reforms-and-Productivity-Growth-in-Developing-Countries-Intra-or-Inter-Reallocation-Channel http://hdl.handle.net/10986/36006

id	okr-10986-36006
recordtype	oai_dc
spelling	okr-10986-360062021-07-23T05:11:19Z Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel? Konté, Maty Kouame, Wilfried A. Mensah, Emmanuel B. STRUCTURAL REFORM STRUCTURAL TRANSFORMATION PRODUCTIVITY LABOR PRODUCTIVITY TRADE REFORM This paper investigates the effects of financial sector, product market, and trade reforms on labor productivity growth and its two components—the intra-sectoral (within) and inter-sectoral (between) components—in a sample of developing countries over 1975–2005. The paper finds that most of the past trade, product, and financial sector reforms have increased the growth rate of labor productivity. In particular, countries that are further away from the technology leader tend to benefit more from structural reforms than countries closer to the technology frontier. Looking at the subcomponents of labor productivity growth, the paper finds that structural reforms work mostly through the intra-allocative efficiency channel but not through the inter-allocative efficiency channel. The intra-sectoral component is the main driver of the impacts of reforms on labor productivity growth, with a contribution between 76 and 96 percent. 2021-07-22T13:44:05Z 2021-07-22T13:44:05Z 2021-07 Working Paper http://documents.worldbank.org/curated/en/636691626716744853/Structural-Reforms-and-Productivity-Growth-in-Developing-Countries-Intra-or-Inter-Reallocation-Channel http://hdl.handle.net/10986/36006 English Policy Research Working Paper;No. 9733 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	STRUCTURAL REFORM STRUCTURAL TRANSFORMATION PRODUCTIVITY LABOR PRODUCTIVITY TRADE REFORM
spellingShingle	STRUCTURAL REFORM STRUCTURAL TRANSFORMATION PRODUCTIVITY LABOR PRODUCTIVITY TRADE REFORM Konté, Maty Kouame, Wilfried A. Mensah, Emmanuel B. Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
relation	Policy Research Working Paper;No. 9733
description	This paper investigates the effects of financial sector, product market, and trade reforms on labor productivity growth and its two components—the intra-sectoral (within) and inter-sectoral (between) components—in a sample of developing countries over 1975–2005. The paper finds that most of the past trade, product, and financial sector reforms have increased the growth rate of labor productivity. In particular, countries that are further away from the technology leader tend to benefit more from structural reforms than countries closer to the technology frontier. Looking at the subcomponents of labor productivity growth, the paper finds that structural reforms work mostly through the intra-allocative efficiency channel but not through the inter-allocative efficiency channel. The intra-sectoral component is the main driver of the impacts of reforms on labor productivity growth, with a contribution between 76 and 96 percent.
format	Working Paper
author	Konté, Maty Kouame, Wilfried A. Mensah, Emmanuel B.
author_facet	Konté, Maty Kouame, Wilfried A. Mensah, Emmanuel B.
author_sort	Konté, Maty
title	Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
title_short	Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
title_full	Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
title_fullStr	Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
title_full_unstemmed	Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?
title_sort	structural reforms and productivity growth in developing countries : intra- or inter-reallocation channel?
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/636691626716744853/Structural-Reforms-and-Productivity-Growth-in-Developing-Countries-Intra-or-Inter-Reallocation-Channel http://hdl.handle.net/10986/36006
_version_	1764484232257732608

Structural Reforms and Productivity Growth in Developing Countries : Intra- or Inter-Reallocation Channel?

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