Misallocation and Aggregate Productivity across Time and Space
Diego Restuccia ()
Working Papers from University of Toronto, Department of Economics
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)
New Economics Papers: this item is included in nep-eff and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://www.economics.utoronto.ca/public/workingPapers/tecipa-608.pdf Main Text (application/pdf)
Journal Article: Misallocation and aggregate productivity across time and space (2019)
Working Paper: Misallocation and Aggregate Productivity across Time and Space (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-608
Access Statistics for this paper
More papers in Working Papers from University of Toronto, Department of Economics 150 St. George Street, Toronto, Ontario.
Bibliographic data for series maintained by RePEc Maintainer ().