factor misallocation and development

Diego Restuccia

from Palgrave Macmillan

Abstract: The large differences in income per capita across countries are mostly explained by differences in total factor productivity (TFP). This article summarises the evidence on the importance of resource allocation across productive units in explaining the observed differences in TFP across countries.

Keywords: distortions; heterogeneous establishments; misallocation; productivity (search for similar items in EconPapers)
JEL-codes: D10 D4 O1 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (22)

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Working Paper: Factor Misallocation and Development (2013)
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