Misallocation and aggregate productivity across time and space

Diego Restuccia

Canadian Journal of Economics, 2019, vol. 52, issue 1, 5-32

Abstract: Productivity is at the core of the large differences in income per capita across countries. What accounts for international productivity differences? I discuss cross-country differences in the allocation of inputs across heterogeneous production unitsmisallocationas a potential factor in accounting for aggregate productivity. Policies and institutions generating misallocation are prevalent in poor and developing countries and may also be responsible for differences in the selection of operating producers and technology used, contributing substantially to aggregate productivity differences across countries.

JEL-codes: O11 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (9)

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Related works:
Journal Article: Misallocation and aggregate productivity across time and space (2019)
Working Paper: Misallocation and Aggregate Productivity across Time and Space (2018)
Working Paper: Misallocation and Aggregate Productivity across Time and Space (2018)
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