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Second thoughts on development accounting

Erich Gundlach (), Desmond Rudman and Ludger Wößmann
Authors registered in the RePEc Author Service: Ludger Woessmann ()

No 895, Kiel Working Papers from Kiel Institute for the World Economy (IfW)

Abstract: We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity assumptions and alternative measures of human capital have a large impact on the relative weights of factor inputs and productivity in a decomposition of output per worker. For a sample of OECD countries, we find that productivity has almost no role in explaining cross-country differences in output per worker. This result supports the reasoning of a traditional neoclassical growth model.

JEL-codes: O4 (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwkwp:895

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