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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 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 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.
Researchers interested in estimating productivity can choose from an array of methodologies, each with its strengths and weaknesses. Methods differ by the assumptions they rely on and imply very different calculations. I compare five widely used techniques: (a) index numbers, (b) data envelopment analysis, and three parametric methods, (c) instrumental variables estimation, (d) stochastic frontiers, and (e) semi-parametric estimation. I compare the estimates directly and evaluate three productivity debates using a panel of manufacturing plants in Colombia. The different methods generate surprisingly similar results. Correlations between alternative productivity estimates are invariably high. All methods confirm that exporters are more productive on average and that only a small portion of the productivity advantage is due to scale economies. Productivity growth is correlated more strongly with export status, frequent investments in capital equipment, and employment of managers than with the use of imported inputs or foreign ownership. On the debate whether aggregate productivity growth is driven by plant-level changes or output share relocation, all methods point to the the importance of plant-level changes, in contrast to results from the U.S.
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.
Agriculture is an urgent global priority and farmers find themselves in the front line of some of the world's most pressing issues- climate change, globalization and food security. Twenty years ago, the Farmer First workshop held at the Institute of Development Studies, University of Sussex, UK, launched a movement to encourage farmer participation in agricultural research and development (R & D), responding to farmers' needs in complex, diverse, risk-prone environments, and promoting sustainable livelihoods and agriculture. Since that time, methodological, institutional and policy experiments have unfolded around the world. Farmer First Revisited returns to the debates about farmer participation in agricultural R & D and looks to the future.The book presents a range of experiences that highlight the importance of going beyond a focus on the farm to a wider innovation system, including market interactions as well as the wider institutional and policy environment. If, however, farmers are really to be put first, a politics of demand is required in order to shape the direction of these innovative systems.
Always a classic, Dodd and Oppenheimer's Congress Reconsidered is the recognized source for in-depth, cutting-edge scholarship on Congress geared to undergraduates. Thoroughly updated for the 112th Congress.
An original approach to the question 'what is a human being?', examining key ideas of leading contemporary sociologists and philosophers.
At the height of the Great Depression a number of leading U.S. economists advanced a proposal for monetary reform that became known as the Chicago Plan. It envisaged the separation of the monetary and credit functions of the banking system, by requiring 100% reserve backing for deposits. Irving Fisher (1936) claimed the following advantages for this plan: (1) Much better control of a major source of business cycle fluctuations, sudden increases and contractions of bank credit and of the supply of bank-created money. (2) Complete elimination of bank runs. (3) Dramatic reduction of the (net) public debt. (4) Dramatic reduction of private debt, as money creation no longer requires simultaneous debt creation. We study these claims by embedding a comprehensive and carefully calibrated model of the banking system in a DSGE model of the U.S. economy. We find support for all four of Fisher's claims. Furthermore, output gains approach 10 percent, and steady state inflation can drop to zero without posing problems for the conduct of monetary policy.
This book takes stock of the accumulated body of literature on ripeness theory, inspired by the seminal work of I. William Zartman. The book posits the continued relevance of the ripeness theory, well into the 21st century, and sheds new light on the potential for further development. The timing of efforts for resolution, either negotiation or mediation, is always a central concern for policy makers and scholars alike in the field of international conflict resolution. The work of I. William Zartman on ripeness was a groundbreaker in the long-standing inquiry into this key question, and over more than three decades, the notion of a ripe moment and its adjuncts, such as a mutually hurting stalemate and a mutually enticing opportunity, has not only served as an essential policy guidance but also inspired wide-ranging research programs. The chapters in this edited volume feature studies intended to advance ripeness theory conceptually, test it empirically through case studies for possible implications to the theory itself, or examine relations with related concepts and theories. This volume is divided into two parts. The Foreword and the chapters included in Part I were originally published as a special issue of the journal Ethnopolitics. Part II features, first and foremost, Zartman’s own seminal article published in the inaugural issue of the same journal. It also includes other recently published articles in journals such as Security Studies, Civil Wars, and Studies in Conflict & Terrorism that are considered to have made important contributions to the debate on the subject.