Efficient Labor Reallocation and Productivity Growth
Hyelin, Choi | August 2017
Abstract
Differences in income across countries are largely accounted for by productivity variations. The overall productivity growth is attributed to both the productive efficiency of individual firms or industries and the al-locative efficiency between them. The former relates to innovation and technological catch-up to the frontier technology of advanced countries, while the latter is associated with reallocation of factors of production from less productive sectors to higher productive sectors and improving within-sector allocative efficiency of production resources between firms. One of the well-established argument on productivity is that differences in the allocative efficiency account for a large fraction of variations in productivity across countries. That is, alleviating distortions in resource allocation can improve productivity even if there is no technological im-provement.
Citation
Hyelin, Choi. 2017. Efficient Labor Reallocation and Productivity Growth. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7465.Keywords
Public Accounting
Business Financing
Subsidies
Social Equity
Economic Equity
Project Risks
Project Impact
Public Administration
Corporations
Taxation
Public Debt
Local Government
Debt Management
Taxation
Public Accounting
National Budget
Municipal Bonds
Local Government
Local Taxes
International Monetary Relations
International Financial Market
International Banking
Central Banks
Business Financing
Financial Aspects
Fiscal Policy
Regional Development Finance
Public Scrutiny of City Finances
Non-Bank Financial Institutions
Local Government Finance
Government Financial Institutions
Foreign and Domestic Financing
Financial Risk Management
Assessing Corporate Governance
Good Governance
Governance Approach
Urban Development Finance
Trade Finance
Small Business Finance
Rural Finance
Roundtable on International Trade and Finance
Regional Development Finance
Investment Requirements
Banks
|Taxing power
Tax administration and procedure
Tax policy
Effect of taxation on labor supply
Decentralization in government
Community power
Corporate divestment
Civil government
Delegation of powers
Equality
Neighborhood government
Subnational governments
Delivery of government services
Local taxation
Options
Government
Local government
Taxation
Grants
Loans
Use tax
Taxing power
State of taxation
Tax-sales
Tax revenue estimating
Tax planning
Spendings tax
Special assessments
Tax administration and procedure
Sales tax
Real property and taxation
Progressive taxation
Effect of taxation on land use
Effect of taxation on labor supply
Intergovernmental tax relations
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