Turkish paper explores productivity differentials
Countries caught in middle-income trap suffered lower productivity gains than peers
Labour productivity growth rates in countries caught in the "middle-income trap" have tended to lag behind those in countries that have "graduated" from it, according to a working paper published by the Central Bank of the Republic of Turkey today (October 14).
In Decomposition of Labor Productivity Growth: Middle Income Trap and Graduated Countries, Gökhan Yilmaz examines 36 countries between 1950 and 2005. The author breaks productivity growth down into ‘within sector' improvements and
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