Productivity Revisited: Shifting Paradigms in Analysis and Policy

Productivity Revisited: Shifting Paradigms in Analysis and Policy
ISBN-10
1464813345
ISBN-13
9781464813344
Category
Business & Economics
Language
English
Published
2018
Publisher
World Bank Publications
Authors
Ana Paula Cusolito, William Francis Maloney

Description

Productivity has again moved to center stage in two critical academic and policy debates: the showing of global growth amid spectacular technological advances, and developing countries' frustratingly slow progess in catching up to the technological frontier. Productivity revisited brings 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 productivenew 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.

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