Productivity accounts for half of the differences in GDP per capita across countries. Identifying policies to stimulate it is thus critical to alleviating poverty and fulfilling the rising aspirations of global citizens. Yet, productivity growth has slowed globally over recent decades, and the lagging productivity performance in developing countries constitutes a major barrier to convergence with advanced-country levels of income.
The World Bank Productivity Project seeks to bring frontier thinking on the measurement and determinants of productivity to global policy makers. Each conference and volume in the series explores a different aspect of the topic through dialogue with academics and policy makers, and through sponsored empirical work in our client countries. The Productivity Project is an initiative of the Vice Presidency for Equitable Growth, Finance and Institutions led by its Chief Economist, William Maloney.