Productivity Revisited : : Shifting Paradigms in Analysis and Policy / / Ana Paula Cusolito

• Record Nr.: UNINA9910956729103321
• Autore: Cusolito Ana Paula
• Pubbl/distr/stampa: Washington, D.C. : , : The World Bank, , 2018
• ISBN: 9781464813627; 1464813620
• Edizione: [1st ed.]
• Descrizione fisica: 1 online resource (200 pages)
• Disciplina: 338.06
• Soggetti: Industrial productivity; Labor productivity
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di contenuto: Cover -- Half Title -- Title -- Copyright -- Contents -- Preface -- Acknowledgments -- Abbreviations -- Executive Summary: The Elusive Promise of Productivity -- 1. The Elusive Promise of Productivity -- The Twin Productivity Puzzles -- The Current Productivity Conjuncture -- The Mechanisms of Productivity Growth: Second-Wave Analysis -- Plan of the Volume -- Notes -- References -- 2. Enhancing Firm Performance -- New Thinking about Within-Firm Productivity -- Firm Performance: Beyond Efficiency -- Concluding Remarks -- Annex 2A. Quality and Physical Total Factor Productivity Estimation -- Notes -- References -- 3. Misallocation, Dispersion, and Risk -- Reconsidering the Hsieh-Klenow Model -- What Else Could Be Driving Dispersion? -- Dynamic Effects of Distortions -- Concluding Remarks -- Notes -- References -- 4. Entry and Exit: Creating Experimental Societies -- Drivers of Entry and Exit -- Moving from Opportunity to Entrepreneurship -- Operating Environment -- Capabilities of Entrepreneurs -- Concluding Remarks -- Notes -- References -- 5. Productivity Policies -- Summary of Main Lessons from the Second Wave of Productivity Analysis -- The National Productivity System -- Government Productivity and Policy Making -- Concluding Remarks -- Annex 5A. Policy Coherence and Effectiveness Supporting Productivity Growth: A Proposal for World Bank Productivity Public Expenditure Reviews -- Notes -- References -- Appendix A. Measuring the ; Productivity Residual: From Theory to Measurement -- Boxes -- 1.1 Are the Current Productivity Lags Just the Calm before the Next Productivity Storm? -- 1.2 Structural Transformation Decompositions -- 4.1 Successful Industrializers "Got Out" Early and Often -- 4.2 Capital Market Development and the Facilitation of Exit-Novo Mercado in Brazil -- 4.3 Is Inherited Culture Stymying Experimentation?.; 4.4 Changing Culture, Plugging In: Start-Up Chile and Followers -- 4.5 The Nanoeconomics of Entrepreneurial Strategy in Meiji-Era Cotton Spinning: Evidence from Japan's First Manufacturers -- 4.6 Industrial Retrogressions: Insights from Chile and Brazil into the Relative Roles of Learning and the Culture and Business Climate -- 5.1 Structural Transformation: What Are the Conclusions for Policy? -- 5.2 The Role of a Modern and Efficient Quality Infrastructure Ecosystem in Enhancing Competitiveness and Increasing Productivity -- 5.3 How Do Microenterprises and Informal Firms Unplugged from the National Productivity System Affect Overall Productivity? -- 5.4 Regulatory Uncertainty: A Barrier to Productivity Growth -- 5.5 Examples of National Productivity Agencies: Ensuring Coherence across the National Productivity System -- 5.6 Industrial or Productivity Policies? Natural Resource Blessings and High-Tech Disappointments -- Figures -- 1.1 The Rate of Growth of Output per Worker Has Been Falling in Both Industrial and Developing Countries for Decades -- 1.2 Decomposition of the Slowdown in Labor Productivity Growth into Two Components: Total Factor Productivity and Capital Deepening -- 1.3 The United States Experienced Long Swings in Productivity Growth -- 1.4 The Number of Global Researchers Has Doubled since 1995, with Most Growth in the Developing World -- 1.5 Most of the U.S. Patent and Trademark Office Patents in China and India Have Been Co-invented and Sponsored by Multinational Firms -- 1.6 There Is No Obvious Relationship between the Productivity Slowdown and the Prominence of Information Technology -- 1.7 Industrial Concentration Has Not Increased in a Sample of Emerging Markets -- 1.8 Labor Markets Are Becoming More Polarized in Advanced Economies, but Not in Developing Countries -- 1.9 Are Robots Displacing or Creating Manufacturing Jobs?.; B1.2.1 The Percentage of Productivity Growth Contributed by Structural Transformation Varies Widely by Country and over Time -- 1.10 There Are Three Main Sources of Productivity Growth -- 1.11 Which Dimension Contributes Most to Productivity Growth? -- 2.1 Decomposing Firm Performance -- 2.2 The Price of Wines Is Clearly Related to the Price of Materials and the Quality Rating They Receive -- 2.3 TFPQ Estimations Exhibit a Downward Bias When Quality Is Not Controlled For -- 2.4 Average Product Quality Increases with the Level of Development -- 2.5 Demand Is More Important than TFPQ at Mature Stages: Colombia -- 2.6 Demand Is More Important than TFPQ at Mature Stages: Malaysia -- 2.7 Firms Hire More Skilled Labor and Use Higher-Quality Inputs as They Raise Quality during Their Life Cycle -- 2.8 Increased Demand from Trade Causes Firms to Concentrate on Their Best-Performing Products but Has Little Impact on Product Price -- 2.9 Firm Size Increases with the Level of Development -- 3.1 More Misallocation (Higher TFP Dispersion) May Partly Explain Lower GDP -- 3.2 What Does Total Factor Productivity Dispersion Really Tell Us? -- 3.3 Pass-Through Is Imperfect in Malaysia -- 3.4 Between One-Quarter and One-Half of the Dispersion in the Average Revenue Product of Capital Can Potentially Be Explained by Heterogeneity in Firm-Level Technologies -- 3.5 Sixty Percent to Ninety Percent of Dispersion May Reflect Adjustments to Shocks -- 3.6 Higher Country Product Quality Is Associated with Higher Dispersion of Quality -- 3.7 Faster Quality ; Growth Is Riskier Quality Growth -- 3.8 Is Dispersion Correlated with Higher GDP? Without Common Data Cleaning Methods, It Is Impossible to Know -- 3.9 Potential Drivers of TFPR Dispersion -- 3.10 Distortions Have Larger Impacts in Developing Countries.; 3.11 Higher Productivity Elasticity of Distortions Is Correlated with Lower GDP Per Capita and Smaller Firm Size -- 3.12 TFP and Investment-Output Ratio during Acceleration Episodes and Postliberalization Transitions -- 3.13 Variations in Size Dynamics during Acceleration Episodes and Postliberalization Transitions -- 4.1 Employment Shares for Young U.S. Firms Have Declined Steadily since the Early 1980s in Most Sectors -- 4.2 Unlike in the United States, the Proportion of Young Firms in Developing Countries Appears Not to Be Declining -- 4.3 Measures of Entrepreneurial Dynamism in Developing Countries Show No Clear Pattern of Reduced Entrepreneurial Dynamism, 1997-2012 -- 4.4 Despite Higher Opportunities from Technological Adoption, Productive Entrepreneurship Is Not Higher in Developing Countries -- 4.5 Determinants of Entrepreneurial Experimentation and Productive Entrepreneurial Activity -- 4.6 How Well Plugged In to the Knowledge Frontier Are Developing-Country Students? -- 4.7 Entry and Exit Costs Are Higher in Follower Countries than in Frontier Countries -- 4.8 Weak Contracting Mechanisms and Low Trust Diminish Investments in Managerial Capabilities -- 4.9 There Is a Clear Correlation between Engineering Densities in 1900 and Rates of Adoption of Technologies since 1900 -- 4.10 U.S. States with Higher Engineering Densities in 1900 Had Higher Rates of Adoption of Home Computers in the 1990s -- 5.1 Drivers of Productivity Growth -- B5.1.1 Average Productivity Gaps between Manufacturing and Agriculture Persist over Time, Suggesting That Segmenting Labor Market Distortions Are Probably Not the Main Barrier to Structural Transformation -- 5.2 The National Productivity System -- 5.3 More Developed Countries Have More Effective Bureaucracies -- Tables -- 3.1 How Data Are Cleaned Dramatically Affects the Measure of Misallocation.; 3.2 India and the United States Have Similar Levels of Dispersion after Data Are Similarly Cleaned -- 4.1 Immigrants Dominated Industrialization during the Second Industrial Revolution in Latin America -- A.1 Estimated Input Coefficients: Results of Different Approaches -- A.2 Firm Performance and Trade Reforms: The Case of India.
• Sommario/riassunto: Productivity has again moved to center stage in two critical academic and policy debates: the slowing of global growth amid spectacular technological advances, and developing countries' frustratingly slow progress in catching up to the technological frontier. Productivity Revisitedbrings together the new conceptual advances of 'second-wave' productivity analysis that have revolutionized the study of productivity, calling much previous analysis into question while providing a new set of tools for approaching these debates. The book extends this analysis and, using unique data sets from multiple developing countries, grounds it in the developing-country context. It calls for rebalancing away from an exclusive focus on misallocation toward a greater focus on upgrading firms and facilitating the emergence of productive new establishments. Such an approach requires a supportive environment and various types of human capital--managerial, technical, and actuarial--necessary to cultivate new transformational firms.The book is the second volume of the World Bank Productivity Project, which seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers.