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An investigation of cross-country incme differences

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Author Info
Pedro Cavalcanti Ferreira () (Graduate School of Economics-EPGE)
Joao victor Issler () (Graduate School of Economics-EPGE)
Samuel de Abreu Pessoa () (Graduate School of Economics-EPGE)

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Abstract

This paper investigates the nature of income inequality across nations. Several exercises, such as variance decompositions, simulations and counter-factual analyses are performed. We find that, although total factor productivity has a leading role in explaining the dispersion of output per worker, countries grew in the past –and, consequently, are poor in the present– for different reasons. Even after correcting for productivity differences, some nations remain poor mostly because of low schooling of the labor force and other because they impose too many distortions to capital accumulation. Policy recommendations have to take country differences into account, or else they have a high chance of being either wrong or ineffective.

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Publisher Info
Article provided by Ilades-Georgetown University, Economics Department in its journal Revista de Analisis Economico.

Volume (Year): 20 (2005)
Issue (Month): 2 (December)
Pages: 3-22
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:ila:anaeco:v:20:y:2005:i:2:p:3-22

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Related research
Keywords: Cross-Country Income inequality; Development; Total Factor Productivity; Aggregate Production Function;

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Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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