{
  "title": "Asia Rising: A Sectoral Perspective",
  "publication": "IMF Working Papers, June 1, 2007",
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  "summary": "This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level. It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases.",
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    {
      "heading": "Summary",
      "content": "- This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level.\n- It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases.\n- These factors were in turn supported by the region's relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors.\n- Looking ahead, sustaining rapid growth requires meeting a number of key challenges:\n  - (i) implementing reforms to boost productivity in the increasingly important, but currently lagging, service sectors;\n  - (ii) providing policy support for continuing the shift of resources from agriculture to industry and services;\n  - (iii) strengthening policy frameworks in late-developing countries."
    },
    {
      "heading": "Key findings",
      "content": "- Asia’s output growth over the past 40 years resulted from the combination of:\n  - high investment; and\n  - rapid productivity increases.\n- A relatively strong institutional and policy environment facilitated resource shifts from low- to high-productivity sectors.\n- Sectoral productivity performance varies, with services identified as increasingly important but currently lagging."
    },
    {
      "heading": "Policy recommendations / Challenges",
      "content": "- Implement reforms to boost productivity in service sectors.\n- Provide policy support to continue the shift of resources from agriculture to industry and services.\n- Strengthen policy frameworks in late-developing countries to sustain rapid growth.\n\n---\n\n Content in this bundle\n\n- wp07130\n  - wp07130 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp07130 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/asia-rising-a-sectoral-perspective-20980"
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    "Authors: Florence Jaumotte, Nikola Spatafora",
    "Published: June 1, 2007",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451866940.001",
    "This paper undertakes a cross-country analysis of productivity growth at both the aggregate and sectoral level.",
    "It finds that Asia's remarkable output growth over the past 40 years reflected both high investment, and rapid productivity increases.",
    "These factors were in turn supported by the region's relatively strong institutional and policy environment, which encouraged resource shifts from low- to high-productivity sectors.",
    "Looking ahead, sustaining rapid growth requires meeting a number of key challenges:",
    "Asia’s output growth over the past 40 years resulted from the combination of:",
    "A relatively strong institutional and policy environment facilitated resource shifts from low- to high-productivity sectors.",
    "Sectoral productivity performance varies, with services identified as increasingly important but currently lagging.",
    "Implement reforms to boost productivity in service sectors.",
    "Provide policy support to continue the shift of resources from agriculture to industry and services.",
    "Strengthen policy frameworks in late-developing countries to sustain rapid growth.",
    "**_wp07130**"
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