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Begin New Search Publishing Institution The Conference Board Author Klaas de Vries

1. Prioritizing Productivity in the Gulf Region: A Path toward Sustained Growth through Smart Diversification

Author:
Bart van Ark, Abdul Erumban, and Klaas de Vries
Publication Date:
12-2019
Content Type:
Special Report
Institution:
The Conference Board
Abstract:
Economic growth in the Gulf region has been disappointing in recent years and has mostly been achieved through increases in employment, whereas labor productivity growth, measured as an increase in output per worker, has been negative across the board. A recovery of productivity in economies of the Gulf region could accelerate growth beyond the average growth performance of major emerging markets in the next decade. This requires a long-term, strategic focus on new and expanded activities based on the creation of qualitative growth sources, including innovation, digital transformation, and enhanced skills for workers.
Topic:
Labor Issues, Economic growth, and Diversification
Political Geography:
Gulf Nations

2. Global Growth Projections for The Conference Board Global Economic Outlook 2019

Author:
Abdul Erumban and Klaas de Vries
Publication Date:
12-2018
Content Type:
Special Report
Institution:
The Conference Board
Abstract:
This paper presents the methodology for The Conference Board Global Economic Outlook 2019, which includes growth projections for 11 major regions and individual estimates for 33 mature and 36 emerging market economies for 2019-2023 and 2024-2028. The projections are based on a supply-side growth accounting model that estimates the contributions of the use of factor inputs—labor and capital—and total factor productivity growth to the growth of real gross domestic product (GDP). While labor input growth rates are estimated using data on demographic changes and participation rates—including an estimation to adjust for the change in the composition (or quality) of the workforce—capital input and total factor productivity growth are econometrically estimated using a wide range of related variables during past periods. The obtained trend growth rates for the period 2019-2023 are adjusted for possible deviations between actual and potential output in the short run.
Topic:
Labor Issues, Economy, and Capital Flows
Political Geography:
Global Focus