Factor Misallocation and Development

The large differences in income per capita across countries are mostly explained by differences in total factor productivity (TFP). This article summarizes the evidence on the importance of resource allocation across productive units in explaining the observed differences in TFP across countries.

MoreLess

Year of publication:	2013-10-14
Authors:	Restuccia, Diego
Institutions:	University of Toronto, Department of Economics
Subject:	misallocation \| productivity \| heterogeneous establishments \| distortions

More details

Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Unknown pages
Classification:	O1 - Economic Development ; O4 - Economic Growth and Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010897037