Misallocation and Productivity

A large portion of differences in output per capita across countries is explained by differences in total factor productivity (TFP). In this article, we summarize a recent literature - and the articles in this special issue on misallocation and productivity - that focus on the reallocation of factors across heterogeneous production units as an important source of measured TFP differences across countries.

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Year of publication:	2012-11-23
Authors:	Restuccia, Diego ; Rogerson, Richard
Institutions:	University of Toronto, Department of Economics
Subject:	misallocation \| productivity \| heterogeneous establishments \| distortions

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Unknown pages
Classification:	O47 - Measurement of Economic Growth; Aggregate Productivity ; O43 - Institutions and Growth ; O41 - One, Two, and Multisector Growth Models ; O11 - Macroeconomic Analyses of Economic Development ; E1 - General Aggregative Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010850124