Data Dive 2024 | Productivity Insights

Problem Statement

The World Bank is working to expand job growth throughout developing countries. The link between employment and development has been described as a “ladder of opportunities”. As economies progress, more and more workers obtain better and more secure jobs. Productivity is a key driver of economic growth, accounting for more than half the differences across countries in GDP per capita. Higher productivity enables companies to expand production, employment, and wages – but it also reduces the number of workers needed to produce a given amount of output. This might decrease the demand for workers. New technologies further disrupt how productivity-enhancing investments translate into jobs..

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Challenge

Using firm-level data (from the WB Enterprise Surveys), visualize and explain how productivity growth (and its drivers) impact employment and workers’ wages. How would you go about understanding the impact of new technologies on this relationship, such as AI?

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Project

This report examines the relationship between technological advancements and productivity growth. The aim is to explore the correlation between the adoption of new technologies and the resulting impact on productivity. The dataset includes variables such as productivity, technology adoption rates, and industry-specific technological advancements

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Solutions to Challenge

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