Construction productivity and global inequality

Saumik Paul and Kunal Sen

No wp-2023-135, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Two well established stylized facts of economic development are a strong correlation between investment and income, and large differences in investment rates across countries. Construction is the largest component of investment. This paper examines the implications of heterogeneity in construction productivity on cross-country income disparity. We estimate the 10:1 spread in construction productivity among 145 countries in 2005 as a factor of 61.7-fold.

Keywords: Productivity; Construction sector; Input–output; Economic linkages; Income inequality (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-eff
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