Emerging economies, productivity growth and trade with resource-rich economies by 2030

The Productivity Growth Slowdown in Advanced Economies

Perhaps the most remarkable fact about economic growth in recent decades is the slowdown in productivity growth that occurred around the year 2000. This slowdown is global in nature, featuring in many countries throughout the world. In this discussion, I summarize some important characteristics of the slowdown and consider recent insights from the growth literature on its possible causes.

The Political Economy of Nontariff Trade Barriers in Emerging Economies

Heterogeneous networks and resource acquisition of SMEs in emerging economies

It is acknowledged that social capital plays an important role in the growth of entrepreneurial firms. However, few studies have examined the contribution and function of social capital networks that contain structural holes (heterogeneous networks) in emerging economies. It is not clear how trustworthiness and behavioural commitment impact on effectiveness of these networks in obtaining resour...

The Rise of Middle Kingdoms: Emerging Economies in Global Trade

I n the recent global fi nancial crisis, there was a sharp divide in the economic performance of high-income and emerging-market nations. The United States, the countries of the European Union, and Japan suffered most. They have been slow to recover, with heavy debt burdens and enfeebled banks promising continued sluggishness. Many emerging economies, in contrast, hardly paused during 2008 and ...

Total Factor Productivity Growth, Technical Change and Technical Efficiency Change in Asian Economies: Decomposition Analysis

The aim of this paper is to analyze total factor productivity (TFP) growth and its components in Asian countries applying Stochastic Frontier Analysis (SFA) to the time series data of 44 Asian countries from 2000 to 2010. Using Battese and Coelli approach, TFP is divided into technical efficiency change and technical change. TFP decomposition using SFA method for the years 1998 to 2007 indicate...