Misallocation and Aggregate Productivity across Time and Space

Diego Restuccia

Working Papers from University of Toronto, Department of Economics

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

Keywords: productivity; misallocation; selection; technology; regulation; trade; financial frictions; agriculture. (search for similar items in EconPapers)
JEL-codes: O11 O14 O4 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2018-02-08
New Economics Papers: this item is included in nep-eff and nep-tid
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Related works:
Journal Article: Misallocation and aggregate productivity across time and space (2019)
Journal Article: Misallocation and aggregate productivity across time and space (2019)
Working Paper: Misallocation and Aggregate Productivity across Time and Space (2018)
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