Publication:
GDP-Employment Elasticities across Developing Economies

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dc.contributor.authorBurgi, Constantin
dc.contributor.authorHovhannisyan, Shoghik
dc.contributor.authorMondragon-Velez, Camilo
dc.date.accessioned2024-12-03T16:52:14Z
dc.date.available2024-12-03T16:52:14Z
dc.date.issued2024-12-03
dc.description.abstractEconomic growth is often associated with welfare gains through job creation. However, the number and quality of new job opportunities created in a growing economy vary across countries and sectors, due in great part to changes in labor productivity. This paper provides estimates of country and sector-specific GDP-employment elasticities based on data from the past two decades, including an evaluation of the predictive power among alternative methodological approaches. The results show that employment elasticities of growth vary significantly across countries and sectors, but are in most cases below 1.0, implying that employment grows less than GDP due to increasing productivity. Across sectors, agriculture has mostly lower elasticity values, becoming negative for more than one-third of developing countries. In addition, increases in labor productivity are associated with reductions in informal employment. These empirical results are in line with the implications of a theoretical model about the relationship between GDP growth, job creation, and labor productivity in economies with varying levels of productivity and informality.en
dc.identifierhttp://documents.worldbank.org/curated/en/099532512022421144/IDU1c6016e5c118f414a421a8c7115eb4ef045a0
dc.identifier.doi10.1596/1813-9450-10989
dc.identifier.urihttps://hdl.handle.net/10986/42488
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10989
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectEMPLOYMENT ELASTICITY OF GROWTH
dc.subjectJOBS
dc.subjectJOBS AND DEVELOPMENT
dc.subjectINFORMAL SECTOR
dc.subjectJOBS DIAGNOSTIC
dc.titleGDP-Employment Elasticities across Developing Economiesen
dc.typeWorking Paper
dspace.entity.typePublication
okr.date.disclosure2024-12-03
okr.date.doiregistration2025-04-14T11:51:50.383610Z
okr.date.lastmodified2024-12-02T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099532512022421144/IDU1c6016e5c118f414a421a8c7115eb4ef045a0
okr.guid099532512022421144
okr.identifier.docmidIDU-c6016e5c-18f4-4a42-a8c7-15eb4ef045a0
okr.identifier.doi10.1596/1813-9450-10989
okr.identifier.externaldocumentum34431146
okr.identifier.internaldocumentum34431146
okr.identifier.reportWPS10989
okr.import.id5914
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099532512022421144/pdf/IDU1c6016e5c118f414a421a8c7115eb4ef045a0.pdfen
okr.region.geographicalWorld
okr.topicSocial Protections and Labor::Employment and Unemployment
okr.topicSocial Protections and Labor::Labor Markets
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.unitIFC
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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