Misallocation and productivity
Diego Restuccia () and
Richard Rogerson ()
Review of Economic Dynamics, 2013, vol. 16, issue 1, 1-10
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 â€” and the articles in this special issue on misallocation and productivity â€” that focus on the reallocation of factors across heterogenous production units as an important source of measured TFP differences across countries. (Copyright: Elsevier)
Keywords: Misallocation; Productivity; Heterogeneous establishments; Distortions (search for similar items in EconPapers)
JEL-codes: O47 O43 O41 O11 E1 (search for similar items in EconPapers)
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Working Paper: Misallocation and Productivity (2012)
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