Productivity Growth Experiences in the Manufacturing Sector

Abstract

Productivity dynamics in the manufacturing sector has played a crucial role in the knowledge-based developed economies and also in the successful developing economies. In fact, much of the cross-country variation in growth rates is attributable to differences in productivity growth in manufacturing which has the highest capacity for accelerated technical change and innovation. It is through increases in productivity that countries have enjoyed good prospects for growth and firms could invest in new technologies, and enhance labor efficiency and so forth.