世界银行全球生产率报告_221030.pdfVIP

Productivity growth is the key driver of sustainable income growth and poverty reduction. Its effects on human welfare are enormous. While economists agree on the importance of productivity, its measurement and drivers remain elusive. We sometime refer to productivity as a “residual” or even as a “measure of our ignorance.” This important book analyzes the trends and drivers of productivity growth, with a special focus on emerging and developing countries. It uses state-of- the-art econometric techniques and brings together the analysis of a wide range of productivity drivers which, so far, have been analyzed in isolation. It also discusses the impact of COVID-19 on productivity growth. Reading this book will help in reducing our ignorance on the most important driver of human well-being. Ugo Panizza Pictet Chair in Finance and Development The Graduate Institute, Geneva and Vice President, CEPR (Center for Economic and Policy Research) This study is valuable in providing a very timely overview of recent developments in productivity growth around the world. The global shock of COVID-19 is placed in the context of pre-existing trends, with the slowdown in productivity growth across all groups of countries as the dominant development. The perspective on emerging market and developing economies is likewise valuable as their convergence to living standards seen in advanced economies today is conditional on (strong) productivity growth. This study provides several useful perspectives on these crucial topics with policy-relevant findings, including on the importance of stimulating structural transformation in emerging market and developing economies.