Second thoughts on development accounting
Erich Gundlach (),
Desmond Rudman and
Authors registered in the RePEc Author Service: Ludger Woessmann ()
No 895, Kiel Working Papers from Kiel Institute for the World Economy (IfW)
We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have a large impact on the relative weights of factor inputs and productivity in a decomposition of output per worker. For a sample of OECD countries, we find that productivity has almost no role in explaining cross-country differences in output per worker. This result supports the reasoning of a traditional neoclassical growth model.
JEL-codes: O4 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:zbw:ifwkwp:895
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