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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 heterogenous production units as an important source of measured TFP differences across countries. (Copyright: Elsevier)
Year of publication:
2013
Authors: Restuccia, Diego ; Rogerson, Richard
Published in:
Review of Economic Dynamics. - Society for Economic Dynamics - SED. - Vol. 16.2013, 1, p. 1-10
Publisher: Society for Economic Dynamics - SED
Subject: Misallocation | Productivity | Heterogeneous establishments | Distortions
Type of publication: Article
Notes:
Published
Other identifiers:
10.1016/j.red.2012.11.003 [DOI]
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:
Persistent link: https://www.econbiz.de/10010600529
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