Structural Transformation and the Volatility of Aggregate Output in OECD Countries /
This paper finds a negative relationship between the employment share of the service sector and the volatility of aggregate output in the OECD-after controlling for the level of financial development. This result reflects volatility differentials across sectors: labor productivity is more volatile i...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2013/043 |
| Онлайн доступ: | Full text available on IMF |