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 income per capita across countries. What accounts for international productivity differences? I discuss cross-country differences in the allocation of inputs across heterogeneous production units-misallocation-as a potential factor in accounting for aggregate productivity. Policies and institutions generating misallocation are prevalent in poor and developing countries and may also be responsible for differences in the selection of operating producers and technology used, contributing substantially to aggregate productivity 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: 2018-06-11
New Economics Papers: this item is included in nep-eff and nep-tid
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https://www.economics.utoronto.ca/public/workingPapers/tecipa-608.pdf Main Text (application/pdf)

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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