|RELATED TOPICS:||Poverty Reduction and Labor|
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The Peruvian economy presently has only a limited capacity to create high-quality jobs because of low levels of labor productivity. The first part of this paper analyzes data from the period of 2000-2006 and finds little growth in labor productivity and in levels of high-quality jobs. The second part of the paper examines firms in two sectors that are notable for their ability to create jobs, asparagus production and hotels, identifying three factors that have had the greatest positive effects on productivity. In the case of asparagus production, those factors are access to finance, training of workers and relations with suppliers and middlemen. In the case of hotels, those factors are the training of workers, room prices and the training of managers.
This paper studies the relationship between financial slack and employment formalization by exploiting heterogeneity in industry-level financial dependence in the spirit of Rajan and Zingales (1998). Heterogeneity along with time-series variation in aggregate credit are used to determine industry-level financial slack and measure its relationship to employment formality. Also presented are two bas ... (View publication)
This paper uses two sources of information and different methodologies to analyze the causal effect of product and process innovation on productivity in the Chilean manufacturing industry during the past decade. In general, the evidence suggests there is not a contemporaneous effect of product innovation on productivity, but there is a positive effect of process innovation. This not significant ef ... (View publication)
This paper estimates the impact of relative price volatility on sector-level investment allocation using a panel of 65 countries with data for 26 manufacturing industries over the period 1985-2003. Results indicate that volatility distorts efficient investment allocation in that investment is not necessarily devoted to relatively more productive sectors, especially in emerging market economies tha ... (View publication)
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