Factor Misallocation and Development

Diego Restuccia

Working Papers from University of Toronto, Department of Economics

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

Keywords: misallocation; productivity; heterogeneous establishments; distortions. (search for similar items in EconPapers)
JEL-codes: O1 O4 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2013-10-14
New Economics Papers: this item is included in nep-eff
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Citations: View citations in EconPapers (20)

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