Endogenous TFP and cross-country income differences

Juan Cordoba () and Marla Ripoll

Journal of Monetary Economics, 2008, vol. 55, issue 6, pages 1158-1170

Abstract: Using a class of endogenous growth models that exhibit international spillovers, we show that most of the cross-country differences in output per worker are explained by barriers to the accumulation of rival factors (physical and human capital) rather than by barriers to the accumulation of knowledge. This is shown theoretically, by comparing models with exogenous and endogenous TFP, and quantitatively by using a carefully calibrated version of the model. The main finding is that barriers to the accumulation of physical and human capital explain up to 64% of income gaps relative to the US.

Keywords: Endogenous; growth; Income; differences; Technology; diffusion; Total; factor; productivity (search for similar items in EconPapers)
Date: 2008

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6VBW ... bf4a983f52e6d35a759c
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Endogenous TFP and Cross-Country Income Differences (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:moneco:v:55:y:2008:i:6:p:1158-1170

Access Statistics for this article

Journal of Monetary Economics is edited by R. G. King and C. I. Plosser

More articles in Journal of Monetary Economics from Elsevier
Series data maintained by Heidi Boesdal ().