Tuesday, 18 October 2016
|9:00- 9:45 am||Breakfast|
|9:45- 10:00 am||
Jan Walliser, Vice President, Equitable Growth, Finance & Institutions (EFI)
|10:00- 11:00 am||
Session l: The Importance of Productivity for Economic Growth and the Global Productivity Slump
We will discuss the role that productivity growth plays for economic growth, emphasizing the importance of microeconomic evidence to explain the behavior of macroeconomic variables. We will also discuss the debate about the global productivity slump and offer new evidence to resolve the debate. The world has seen massive technological progress in IT, which should lead to greater efficiencies and more output; but this hasn’t translated into higher rates of productivity growth. In order to resolve this paradox, one of the possible explanations is that this perceived slowness is just an illusion caused by mismeasurement of our modern economy.
|11:00- 11:30 am||Coffee break & informal discussions|
|11:30- 1:00 pm||
Session II: Structural Change and Productivity Growth
We will discuss the role of structural transformation for economic growth. The session will synthesize and evaluate recent advances in the research agenda on structural transformation as well as new and sharper insights for understanding economic development, regional income convergence, and aggregate productivity under this framework. The session will also discuss how countries have reduced the misallocation of factors of production across sectors in order to stem negative effects on aggregate productivity growth.
|1:00- 2:30 pm||Lunch & ECB Poster Session|
|2:30- 3:30 pm||
Session III: A Micro Framework for Productivity Analysis: Bringing Demand Back in
We will present a new empirical micro-framework to analyze firm performance. The session will discuss recent work on measuring the impact of economic shocks on firm performance using this new framework. The analytical framework nests most empirical approaches to estimating the impact of industrial policies on firms active in international markets. The speakers will talk about outstanding issues surrounding the identification of the underlying mechanisms and will conclude with suggestions for future research.
|3:30- 4:00 pm||Coffee break & informal discussions|
|4:00- 5:00 pm||
Session IV: Internal Determinants of Productivity Growth (Skills, Innovation, and Technology)
We will discuss the role of internal determinants on aggregate productivity growth and income differences across countries. A long-standing question is whether differences in management practices, innovation efforts, and efficiency in the allocation of talent within a firm can explain differences in aggregate productivity, especially in developing countries, where these spreads seem particularly large. The speakers will synthesize the most relevant evidence and will conclude with suggestions for future research.
Wednesday, 19 October 2016
|8:30- 9:00 am||Breakfast|
|9:00- 10:30 am||
Session V: External Determinants of Productivity Growth (Competition, Agglomeration, Finance)
We will discuss the channels through which domestic competition in product and factor markets affect aggregate productivity, emphasizing competition’s role in encouraging firms to upgrade their internal capabilities and its contribution to allocative efficiency. We will also discuss the role and mechanisms through which agglomeration economies affect productivity. The discussion will conclude with an overview of the linkages between financing development and aggregate productivity growth.
|10:30- 11:00 am||Coffee break & informal discussions|
|11:00- 12:00 pm||
Session VI: Productivity for Trade Growth
International trade interacts with productivity along multiple dimensions. For instance, international competition generates overall pressure on firms to perform better and specialize. At the same time, just a few of the largest and most productive firms are able to seriously engage in highly complex global markets, thus triggering resource reallocations across firms. We will briefly recall how most recent macro-trade models can successfully incorporate the critical empirical evidence that firms are intrinsically very heterogeneous in characteristics and performance. In closing, the speakers will also indicate most promising directions of research and their policy relevance.
|12:00- 1:00 pm||
Session VIII: Productivity in Agriculture
We will consider areas of research that have been relatively understudied, yet appear critical to understanding agricultural development and rural poverty alleviation. These areas include the relationship between technology capital and agriculture productivity growth, measurement of agricultural risk and its consequences for the misallocation of resources, and inferences about investment returns as well as the assessment of interventions aimed at improving agricultural productivity on agricultural wages and thus on inequality and the welfare of the poorest of the rural poor.
|1:00- 1:30 pm||Closing Remarks: William F. Maloney, Chief Economist, EFI|
|1:30- 2:30 pm||Lunch|
|2:30- 5:30 pm||Workshop on commissioned Papers|