Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth

Indexing Structural Distortion: Sectoral Productivity, Structural Change and Growth
This paper proposes a new index of sectoral labor distortion using employment and valueadded shares. We show that this index is highly correlated with growth both crosssectionally and over time. We also use it to compare the degree of distortion among countries and identify sectors where the potential payoffs in terms of growth... READ MORE...

Publication date: September 2017
ISBN 9781484319277
$18.00

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