Structural Change and Productivity Growth in Guinea
This paper documents that structural change positively contributed to labor productivity growth in Guinea during 2006-15. However, the contribution of structural change to productivity growth was modest (about one percentage point per year on avera...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/643751596034468812/Structural-Change-and-Productivity-Growth-in-Guinea http://hdl.handle.net/10986/34259 |
| Summary: | This paper documents that structural
change positively contributed to labor productivity growth
in Guinea during 2006-15. However, the contribution of
structural change to productivity growth was modest (about
one percentage point per year on average), because labor
moved from agriculture, the least productive sector, into
other relatively low-productivity activities, such as
wholesale and retail trade and community services. Although
such services are more productive than agriculture, they are
low-productivity activities because of the high level of
informality. The paper also finds that the contribution of
structural change to productivity growth has declined over
time, mainly due to the increased labor market rigidity,
lower competitive real exchange rate, declining human
capital, and weaker government effectiveness. The paper
provides a discussion of the policy implications of the findings. |
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