Details about Diego Restuccia

Homepage:	http://www.economics.utoronto.ca/diegor
Phone:	416-978-5114
Postal address:	150 St George Street Toronto, ON M5S 3G7 Canada
Workplace:	Department of Economics, University of Toronto, (more information at EDIRC)

Access statistics for papers by Diego Restuccia.

Last updated 2025-11-02. Update your information in the RePEc Author Service.

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Working Papers

2017

The Causes and Costs of Misallocation
Working Papers, University of Toronto, Department of Economics View citations (328)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2017) View citations (329)
See also Journal Article The Causes and Costs of Misallocation, Journal of Economic Perspectives, American Economic Association (2017) View citations (328) (2017)

2016

Comment
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
Firing Costs, Misallocation, and Aggregate Productivity
Working Papers, University of Toronto, Department of Economics View citations (13)
Also in NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (9)
Working Papers, University of Toronto, Department of Economics (2016) View citations (9)
See also Journal Article Firing costs, misallocation, and aggregate productivity, Journal of Economic Dynamics and Control, Elsevier (2019) View citations (16) (2019)
Misallocation, Establishment Size, and Productivity
Working Papers, University of Toronto, Department of Economics View citations (12)
Also in Working Papers, University of Toronto, Department of Economics (2015) View citations (16)
Working Papers, University of Toronto, Department of Economics (2016) View citations (12)
Working Papers, University of Toronto, Department of Economics (2014) View citations (13)
2015 Meeting Papers, Society for Economic Dynamics (2015) View citations (21)
NBER Working Papers, National Bureau of Economic Research, Inc (2016) View citations (31)
See also Journal Article Misallocation, Establishment Size, and Productivity, American Economic Journal: Macroeconomics, American Economic Association (2017) View citations (125) (2017)

2014

Explaining Educational Attainment across Countries and over Time
Working Papers, University of Toronto, Department of Economics View citations (31)
Also in 2013 Meeting Papers, Society for Economic Dynamics (2013) View citations (3)
Working Papers, University of Toronto, Department of Economics (2011) View citations (9)
Working Papers, University of Toronto, Department of Economics (2013) View citations (3)
Working Papers, Federal Reserve Bank of St. Louis (2014) View citations (27)
2011 Meeting Papers, Society for Economic Dynamics (2011) View citations (7)
Working Papers, University of Toronto, Department of Economics (2013) View citations (3)
See also Journal Article Explaining Educational Attainment across Countries and over Time, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (33) (2014)
Online Appendix to "Explaining Educational Attainment across Countries and over Time"
Online Appendices, Review of Economic Dynamics View citations (25)
See also Journal Article Explaining Educational Attainment across Countries and over Time, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (33) (2014)

2013

Factor Misallocation and Development
Working Papers, University of Toronto, Department of Economics View citations (20)
See also Chapter factor misallocation and development, The New Palgrave Dictionary of Economics, Palgrave Macmillan (2013) View citations (23) (2013)
The Latin American development problem: an interpretation
LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library
Also in Working Papers, University of Toronto, Department of Economics (2012) View citations (3)
See also Journal Article The Latin American Development Problem: An Interpretation, Economía Journal, The Latin American and Caribbean Economic Association - LACEA (2013) View citations (26) (2013)
The Size Distribution of Farms and International Productivity Differences
Working Papers, University of Toronto, Department of Economics View citations (2)
Also in Working Papers, University of Toronto, Department of Economics (2011) View citations (29)
Working Papers, University of Toronto, Department of Economics (2013) View citations (30)
See also Journal Article The Size Distribution of Farms and International Productivity Differences, American Economic Review, American Economic Association (2014) View citations (290) (2014)

2012

A Century of Human Capital and Hours
Working Papers, University of Toronto, Department of Economics View citations (14)
Also in Working Papers, University of Toronto, Department of Economics (2012) View citations (2)
Misallocation and Productivity
Working Papers, University of Toronto, Department of Economics View citations (6)
See also Journal Article Misallocation and productivity, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2013) View citations (283) (2013)
The Evolution of Education: A Macroeconomic Analysis
Working Papers, University of Toronto, Department of Economics View citations (4)
Also in Working Papers, University of Toronto, Department of Economics (2012) View citations (3)
Working Papers, University of Toronto, Department of Economics (2008) View citations (4)
Working Papers, University of Toronto, Department of Economics (2010) View citations (26)
2008 Meeting Papers, Society for Economic Dynamics (2008) View citations (3)
See also Journal Article THE EVOLUTION OF EDUCATION: A MACROECONOMIC ANALYSIS, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2013) View citations (5) (2013)

2011

The Latin American Development Problem
Working Papers, University of Toronto, Department of Economics View citations (7)
Also in Macroeconomía del Desarrollo, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL) (2009) View citations (2)
Working Papers, University of Toronto, Department of Economics (2008) View citations (21)
Venezuela's Growth Experience
Working Papers, University of Toronto, Department of Economics View citations (23)
See also Journal Article Venezuela’s Growth Experience, Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile. (2011) View citations (7) (2011)

2010

A quantitative theory of the gender gap in wages
Working Papers, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales View citations (19)
Also in Working Papers, University of Toronto, Department of Economics (2005) View citations (11)
Working Paper, Federal Reserve Bank of Richmond (2005) View citations (8)
See also Journal Article A quantitative theory of the gender gap in wages, European Economic Review, Elsevier (2016) View citations (28) (2016)

2009

A General Equilibrium Analysis of Parental Leave Policies
Working Papers, University of Toronto, Department of Economics View citations (1)
Also in Working Papers, University of Toronto, Department of Economics (2005) View citations (5)
Working Papers, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales (2009) View citations (4)
Working Paper, Federal Reserve Bank of Richmond (2005) View citations (6)
See also Journal Article A General Equilibrium Analysis of Parental Leave Policies, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (36) (2010)
How Important is Human Capital? A Quantitative Theory Assessment of World Income Inequality
Working Papers, Concordia University, Department of Economics View citations (5)
Also in 2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (9)
Working Papers, University of Toronto, Department of Economics (2007) View citations (51)
Working Papers, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales (2009) View citations (8)
See also Journal Article How Important Is Human Capital? A Quantitative Theory Assessment of World Income Inequality, The Review of Economic Studies, Review of Economic Studies Ltd (2010) View citations (166) (2010)
The Role of the Structural Transformation in Aggregate Productivity
Working Papers, University of Toronto, Department of Economics View citations (15)
Also in 2006 Meeting Papers, Society for Economic Dynamics (2006) View citations (4)
Working Papers, University of Toronto, Department of Economics (2007) View citations (54)
See also Journal Article The Role of the Structural Transformation in Aggregate Productivity, The Quarterly Journal of Economics, President and Fellows of Harvard College (2010) View citations (404) (2010)

2007

Policy Distortions and Aggregate Productivity with Heterogeneous Plants
Working Papers, University of Toronto, Department of Economics View citations (42)
Also in 2004 Meeting Papers, Society for Economic Dynamics (2004) View citations (26)
NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (45)
See also Journal Article Policy Distortions and Aggregate Productivity with Heterogeneous Plants, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (1328) (2008)

2006

On the aggregate and distributional implications of productivity differences across countries
Working Paper, Federal Reserve Bank of Richmond View citations (15)
The Structural Transformation and Aggregate Productivity in Portugal
Working Papers, University of Toronto, Department of Economics View citations (13)
See also Journal Article The structural transformation and aggregate productivity in Portugal, Portuguese Economic Journal, Springer (2007) View citations (19) (2007)

2004

The Role of Fertility in Gender Differences in Labor Market Outcomes
2004 Meeting Papers, Society for Economic Dynamics

2003

Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis
Working Papers, University of Toronto, Department of Economics View citations (51)
See also Journal Article Agriculture and aggregate productivity: A quantitative cross-country analysis, Journal of Monetary Economics, Elsevier (2008) View citations (468) (2008)

2002

Aggregate Employment Fluctuations and Agricultural Share
Working Papers, University of Toronto, Department of Economics View citations (1)
Barriers to Capital Accumulation and Aggregate Total Factor Productivity
Working Papers, University of Toronto, Department of Economics View citations (2)
See also Journal Article Barriers to Capital Accumulation and Aggregate Total Factor Productivity, International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association (2004) View citations (38) (2004)
Intergenerational Persistence of Earnings: The Role of Early and College Education
Working Papers, Centro de Investigacion Economica, ITAM View citations (15)
Also in University of Western Ontario, Economic Policy Research Institute Working Papers, University of Western Ontario, Economic Policy Research Institute (2002) View citations (15)
Working Papers, University of Toronto, Department of Economics (2002) View citations (2)
See also Journal Article Intergenerational Persistence of Earnings: The Role of Early and College Education, American Economic Review, American Economic Association (2004) View citations (281) (2004)
The Role of Agriculture in Aggregate Business Cycle Fluctuations
Working Papers, University of Toronto, Department of Economics View citations (2)

1999

An Economic Theory of the GATT: A Generalization
University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (4)
Public Policy, Price Distortions, and Investment Rates
University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (4)

1998

Monitoring Competitive Bidding in the Public Sector
University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics View citations (5)
Technology Adoption and Schooling: Amplifier Income Effects of Policies Across Countries
University of Western Ontario, Departmental Research Report Series, University of Western Ontario, Department of Economics

Journal Articles

2025

The Role of Nonemployers in Business Dynamism and Aggregate Productivity
Journal of Political Economy Macroeconomics, 2025, 3, (2), 165 - 198
See also Working Paper The Role of Nonemployers in Business Dynamism and Aggregate Productivity, Working Papers (2024) View citations (1) (2024)

2024

Assessing misallocation in agriculture: Plots versus farms
Food Policy, 2024, 128, (C) View citations (2)
See also Working Paper Assessing misallocation in agriculture: plots versus farms, Working Papers (2024) View citations (2) (2024)
Land Security and Mobility Frictions*
The Quarterly Journal of Economics, 2024, 139, (3), 1941-1987 View citations (9)
See also Working Paper Land Security and Mobility Frictions, Working Papers (2023) (2023)
Symposium on Misallocation and Structural Transformation: Introduction
Canadian Journal of Economics/Revue canadienne d'économique, 2024, 57, (3), 667-673
See also Working Paper Symposium on Misallocation and Structural Transformation: Introduction, Working Papers (2024) (2024)

2023

Land Misallocation and Productivity
American Economic Journal: Macroeconomics, 2023, 15, (2), 441-65 View citations (18)
See also Working Paper Land Misallocation and Productivity, Working Papers (2022) View citations (1) (2022)
Policy distortions and aggregate productivity with endogenous establishment-level productivity
European Economic Review, 2023, 155, (C) View citations (4)
See also Working Paper Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity, Working Papers (2023) View citations (4) (2023)

2022

Are small farms really more productive than large farms?
Food Policy, 2022, 106, (C) View citations (17)
See also Working Paper Are small farms really more productive than large farms?, Working Papers (2021) View citations (4) (2021)
Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data
The Review of Economic Studies, 2022, 89, (4), 1629-1653 View citations (8)
See also Working Paper Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data, Working Papers (2021) View citations (3) (2021)
Misallocation, Selection, and Productivity: A Quantitative Analysis With Panel Data From China
Econometrica, 2022, 90, (3), 1261-1282 View citations (102)
See also Working Paper Misallocation, Selection and Productivity: A Quantitative Analysis with Panel Data from China, Working Papers (2021) View citations (5) (2021)
The Effects of Land Markets on Resource Allocation and Agricultural Productivity
Review of Economic Dynamics, 2022, 45, 41-54 View citations (73)
See also Working Paper The Effects of Land Markets on Resource Allocation and Agricultural Productivity, Working Papers (2021) View citations (21) (2021)
Software Item Code and data files for "The Effects of Land Markets on Resource Allocation and Agricultural Productivity", Computer Codes (2021) (2021)

2021

On average establishment size across sectors and countries
Journal of Monetary Economics, 2021, 117, (C), 220-242 View citations (22)
See also Working Paper On Average Establishment Size across Sectors and Countries, Working Papers (2019) View citations (6) (2019)

2020

Land Reform and Productivity: A Quantitative Analysis with Micro Data
American Economic Journal: Macroeconomics, 2020, 12, (3), 1-39 View citations (65)
See also Working Paper Land Reform and Productivity: A Quantitative Analysis with Micro Data, NBER Working Papers (2019) View citations (10) (2019)
Market constraints, misallocation, and productivity in Vietnam agriculture
Food Policy, 2020, 94, (C) View citations (22)
See also Working Paper Market Constraints, Misallocation, and Productivity in Vietnam Agriculture, Working Papers (2018) View citations (1) (2018)
Relative Prices and Sectoral Productivity
Journal of the European Economic Association, 2020, 18, (3), 1400-1443 View citations (27)
See also Working Paper Relative Prices and Sectoral Productivity, Working Papers (2019) View citations (11) (2019)

2019

Firing costs, misallocation, and aggregate productivity
Journal of Economic Dynamics and Control, 2019, 98, (C), 60-81 View citations (16)
See also Working Paper Firing Costs, Misallocation, and Aggregate Productivity, Working Papers (2016) View citations (13) (2016)
Misallocation and aggregate productivity across time and space
Canadian Journal of Economics, 2019, 52, (1), 5-32 View citations (11)
Also in Canadian Journal of Economics/Revue canadienne d'économique, 2019, 52, (1), 5-32 (2019) View citations (11)
See also Working Paper Misallocation and Aggregate Productivity across Time and Space, Working Papers (2018) (2018)

2018

Financial frictions and the rule of law
Journal of Development Economics, 2018, 134, (C), 248-271 View citations (23)
See also Working Paper Financial Frictions and the Rule of Law, Working Papers (2018) View citations (21) (2018)

2017

Misallocation, Establishment Size, and Productivity
American Economic Journal: Macroeconomics, 2017, 9, (3), 267-303 View citations (125)
See also Working Paper Misallocation, Establishment Size, and Productivity, Working Papers (2016) View citations (12) (2016)
The Causes and Costs of Misallocation
Journal of Economic Perspectives, 2017, 31, (3), 151-74 View citations (328)
See also Working Paper The Causes and Costs of Misallocation, Working Papers (2017) View citations (328) (2017)

2016

A quantitative theory of the gender gap in wages
European Economic Review, 2016, 85, (C), 165-187 View citations (28)
See also Working Paper A quantitative theory of the gender gap in wages, Working Papers (2010) View citations (19) (2010)
Comment on Symposium: Development, Firms, and Productivity
Economía Journal, 2016, Volume 17 Number 1, (Fall 2016), 51-61

2014

Barriers to capital accumulation in a model of technology adoption and schooling
Journal of Economic Dynamics and Control, 2014, 44, (C), 81-91 View citations (5)
Explaining Educational Attainment across Countries and over Time
Review of Economic Dynamics, 2014, 17, (4), 824-841 View citations (33)
See also Software Item Code and data files for "Explaining Educational Attainment across Countries and over Time", Computer Codes (2014) (2014)
Working Paper Online Appendix to "Explaining Educational Attainment across Countries and over Time", Online Appendices (2014) View citations (25) (2014)
Working Paper Explaining Educational Attainment across Countries and over Time, Working Papers (2014) View citations (31) (2014)
The Size Distribution of Farms and International Productivity Differences
American Economic Review, 2014, 104, (6), 1667-97 View citations (290)
See also Working Paper The Size Distribution of Farms and International Productivity Differences, Working Papers (2013) View citations (2) (2013)

2013

Misallocation and productivity
Review of Economic Dynamics, 2013, 16, (1), 1-10 View citations (283)
See also Working Paper Misallocation and Productivity, Working Papers (2012) View citations (6) (2012)
THE EVOLUTION OF EDUCATION: A MACROECONOMIC ANALYSIS
International Economic Review, 2013, 54, (3), 915-936 View citations (5)
See also Working Paper The Evolution of Education: A Macroeconomic Analysis, Working Papers (2012) View citations (4) (2012)
The Latin American Development Problem: An Interpretation
Economía Journal, 2013, Volume 13 Number 2, (Spring 2013), 69-108 View citations (26)
See also Working Paper The Latin American development problem: an interpretation, LSE Research Online Documents on Economics (2013) (2013)

2011

Recent developments in economic growth
Economic Quarterly, 2011, 97, (3Q), 329-357 View citations (5)
Venezuela’s Growth Experience
Latin American Journal of Economics-formerly Cuadernos de Economía, 2011, 48, (2), 199-226 View citations (7)
See also Working Paper Venezuela's Growth Experience, Working Papers (2011) View citations (23) (2011)

2010

A General Equilibrium Analysis of Parental Leave Policies
Review of Economic Dynamics, 2010, 13, (4), 742-758 View citations (36)
See also Working Paper A General Equilibrium Analysis of Parental Leave Policies, Working Papers (2009) View citations (1) (2009)
Software Item Code files for "A General Equilibrium Analysis of Parental Leave Policies", Computer Codes (2009) (2009)
How Important Is Human Capital? A Quantitative Theory Assessment of World Income Inequality
The Review of Economic Studies, 2010, 77, (4), 1421-1449 View citations (166)
See also Working Paper How Important is Human Capital? A Quantitative Theory Assessment of World Income Inequality, Working Papers (2009) View citations (5) (2009)
The Role of the Structural Transformation in Aggregate Productivity
The Quarterly Journal of Economics, 2010, 125, (1), 129-173 View citations (404)
See also Working Paper The Role of the Structural Transformation in Aggregate Productivity, Working Papers (2009) View citations (15) (2009)

2008

Agriculture and aggregate productivity: A quantitative cross-country analysis
Journal of Monetary Economics, 2008, 55, (2), 234-250 View citations (468)
See also Working Paper Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis, Working Papers (2003) View citations (51) (2003)
Policy Distortions and Aggregate Productivity with Heterogeneous Plants
Review of Economic Dynamics, 2008, 11, (4), 707-720 View citations (1328)
See also Working Paper Policy Distortions and Aggregate Productivity with Heterogeneous Plants, Working Papers (2007) View citations (42) (2007)
Software Item Code for "Policy Distortions and Aggregate Productivity with Heterogeneous Plants", Computer Codes (2008) (2008)

2007

Exchange rates and business cycles across countries
Economic Quarterly, 2007, 93, (Win), 57-76 View citations (15)
The structural transformation and aggregate productivity in Portugal
Portuguese Economic Journal, 2007, 6, (1), 23-46 View citations (19)
See also Working Paper The Structural Transformation and Aggregate Productivity in Portugal, Working Papers (2006) View citations (13) (2006)

2006

The Role of Agriculture in Aggregate Business Cycles
Review of Economic Dynamics, 2006, 9, (3), 455-482 View citations (45)
The productivity of nations
Economic Quarterly, 2006, 92, (Sum), 195-223 View citations (10)

2004

Barriers to Capital Accumulation and Aggregate Total Factor Productivity
International Economic Review, 2004, 45, (1), 225-238 View citations (38)
See also Working Paper Barriers to Capital Accumulation and Aggregate Total Factor Productivity, Working Papers (2002) View citations (2) (2002)
Intergenerational Persistence of Earnings: The Role of Early and College Education
American Economic Review, 2004, 94, (5), 1354-1378 View citations (281)
See also Working Paper Intergenerational Persistence of Earnings: The Role of Early and College Education, Working Papers (2002) View citations (15) (2002)

2002

Fertility Decisions and Gender Differences in Labor Turnover, Employment, and Wages
Review of Economic Dynamics, 2002, 5, (4), 856-891 View citations (48)

2001

Relative prices and investment rates
Journal of Monetary Economics, 2001, 47, (1), 93-121 View citations (155)

Chapters

2022

The Case of Venezuela
A chapter in A Monetary and Fiscal History of Latin America, 1960-2017, 2022, pp 495-524

2013

factor misallocation and development
Palgrave Macmillan View citations (23)
See also Working Paper Factor Misallocation and Development, University of Toronto, Department of Economics (2013) View citations (20) (2013)

Software Items

2021

Code and data files for "The Effects of Land Markets on Resource Allocation and Agricultural Productivity"
Computer Codes, Review of Economic Dynamics
See also Journal Article The Effects of Land Markets on Resource Allocation and Agricultural Productivity, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2022) View citations (73) (2022)

2014

Code and data files for "Explaining Educational Attainment across Countries and over Time"
Computer Codes, Review of Economic Dynamics
See also Journal Article Explaining Educational Attainment across Countries and over Time, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2014) View citations (33) (2014)

2009

Code files for "A General Equilibrium Analysis of Parental Leave Policies"
Computer Codes, Review of Economic Dynamics
See also Journal Article A General Equilibrium Analysis of Parental Leave Policies, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2010) View citations (36) (2010)

2008

Code for "Policy Distortions and Aggregate Productivity with Heterogeneous Plants"
Computer Codes, Review of Economic Dynamics
See also Journal Article Policy Distortions and Aggregate Productivity with Heterogeneous Plants, Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics (2008) View citations (1328) (2008)