The Impact of Intersectoral Labor Reallocationon Economic Growth [electronic resource] / Helene Poirson Ward.

By: Poirson Ward, HeleneMaterial type: TextTextSeries: IMF Working Papers; Working Paper ; No. 00/104Publication details: Washington, D.C. : International Monetary Fund, 2000Description: 1 online resource (27 p.)ISBN: 1451852754 :ISSN: 1018-5941Subject(s): Growth | Labor Efficiency | Labor Force | Labor Productivity | Labor Reallocation | Labor Share | China, People's Republic of | El Salvador | Indonesia | Korea, Republic of | ThailandAdditional physical formats: Print Version:: The Impact of Intersectoral Labor Reallocationon Economic GrowthOnline resources: IMF e-Library | IMF Book Store Abstract: This study seeks to explain economic growth differences in an aggregate production function framework, where labor reallocation from agriculture to modern sectors influences labor efficiency growth. The econometric analysis uses a panel of 65 countries over 1960-90. The results highlight: (a) the differences in labor reallocation impact on growth, controlled for using the intersectoral wedge in labor productivities; (b) the significance of labor reallocation effects, even after controlling for capital accumulation, initial conditions, and country effects; (c) the role of slow labor reallocation in explaining the dummy variable for Sub-Saharan Africa; (d) the role of initial education levels in explaining differences in labor reallocation rates.
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This study seeks to explain economic growth differences in an aggregate production function framework, where labor reallocation from agriculture to modern sectors influences labor efficiency growth. The econometric analysis uses a panel of 65 countries over 1960-90. The results highlight: (a) the differences in labor reallocation impact on growth, controlled for using the intersectoral wedge in labor productivities; (b) the significance of labor reallocation effects, even after controlling for capital accumulation, initial conditions, and country effects; (c) the role of slow labor reallocation in explaining the dummy variable for Sub-Saharan Africa; (d) the role of initial education levels in explaining differences in labor reallocation rates.

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