Mind the Skills Gap! Regional and Industry Estimates in Emerging Economies

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dc.description.abstract Most emerging economies are characterized by lagging levels of productivity. While economic growth has been robust in much of the emerging world during the last two decades, it has generally been grounded on factor accumulation, with marginal contributions from productivity. With the economic literature pointing to human capital and skills as a key conduit of productivity, the inability of firms to find the skills they need appears as a key brake on development. This paper aims to identify the dimensions where this skill gap is more prevalent, particularly across emerging regions and industries. We devise an empirical analysis that uses two alternative specifications based on limited dependent variable analysis. The results place Latin America as the emerging region where firms have greatest problems derived from the lack of adequate skills, well ahead from emerging Asia and Europe, but also from Sub-Saharan Africa. In terms of sectors, two advanced manufacturing industries (machinery and motor vehicles) are particularly affected by this relative scarcity of adequately trained workers. Policy recommendations hinge on the need to solve the mismatch between the provision of skills by educational systems and the needs of the economy. en
dc.title Mind the Skills Gap! Regional and Industry Estimates in Emerging Economies en
dc.contributor.author Melguizo, Ángel
dc.contributor.author Perea, José Ramón
dc.date.accessioned 2018-01-25T18:48:56Z
dc.date.available 2018-01-25T18:48:56Z
dc.date.issued 2018-01-25
dc.identifier.uri http://lacer.lacea.org/handle/123456789/64320
lacea.language.supported en
dc.description Working paper
dc.language.iso en
dc.subject Skills Gap
dc.subject Productivity
dc.subject Firm Survey Data
dc.type Working Paper

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