Misallocation and Productivity

Diego Restuccia and Richard Rogerson

Working Papers from University of Toronto, Department of Economics

Abstract: A large portion of differences in output per capita across countries is explained by differences in total factor productivity (TFP). In this article, we summarize a recent literature - and the articles in this special issue on misallocation and productivity - that focus on the reallocation of factors across heterogeneous production units as an important source of measured TFP differences across countries.

Keywords: misallocation; productivity; heterogeneous establishments; distortions. (search for similar items in EconPapers)
JEL-codes: E1 O11 O41 O43 O47 (search for similar items in EconPapers)
Pages: Unknown pages
Date: 2012-11-23
New Economics Papers: this item is included in nep-eff and nep-opm
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Misallocation and productivity (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:tor:tecipa:tecipa-468

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