Misallocation, Economic Growth, and Input-Output Economics

Charles Jones

No 16742, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading growth researchers in new directions, two examples being the extensive use of firm-level data and the exploration of input-output tables, and promises to yield new insights on why some countries are so much richer than others.

JEL-codes: E2 O1 (search for similar items in EconPapers)
Date: 2011-01
Note: EFG PR
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Citations: View citations in EconPapers (75)

Published as "Misallocation, Input-Output Economics, and Economic Growth" in D. Acemoglu, M. Arellano, and E. Dekel, Advances in Economics and Econometrics, Tenth World Congress, Volume II, Cambridge University Press, 2013.

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