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Second thoughts on development accounting

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  • E. Gundlach
  • D. Rudman
  • L. Wossmann

Abstract

The relative roles of factor inputs and productivity are estimated in explaining the level of economic development. For a large sample of countries, it is shown that international differences in factor inputs account for between two thirds and three quarters of international differences in output per worker if alternative identifying productivity assumptions and a quality-adjusted measure of human capital are employed. For a sample of OECD countries, it is found that all differences in output per worker can be attributed to differences in factor inputs, leaving no role for international productivity differences. This result supports the reasoning of a traditional neoclassical growth model.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 34 (2002)
Issue (Month): 11 ()
Pages: 1359-1369

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Handle: RePEc:taf:applec:v:34:y:2002:i:11:p:1359-1369

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References

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  1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  2. Edward C. Prescott, 1997. "Needed: a theory of total factor productivity," Staff Report 242, Federal Reserve Bank of Minneapolis.
  3. Eric A. Hanushek & Dongwook Kim, 1995. "Schooling, Labor Force Quality, and Economic Growth," NBER Working Papers 5399, National Bureau of Economic Research, Inc.
  4. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
  5. Maddison, Angus, 1987. "Growth and Slowdown in Advanced Capitalist Economies: Techniques of Quantitative Assessment," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 649-98, June.
  6. Nelson, Richard R, 1973. "Recent Exercises in Growth Accounting: New Understanding or Dead End?," American Economic Review, American Economic Association, vol. 63(3), pages 462-68, June.
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Citations

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Cited by:
  1. Kai Carstensen & Erich Gundlach & Susanne Hartmann, 2008. "The Augmented Solow Model with Mincerian Schooling and Externalities," Kiel Working Papers 1408, Kiel Institute for the World Economy.
  2. Marcelo Soto, 2009. "The causal effect of education on aggregate income," Working Papers 394, Barcelona Graduate School of Economics.
  3. Erich Gundlach & Ximena Matus-Velasco, 2000. "Climatic Conditions, Cultural Diversity, and Labor Productivity," Kiel Working Papers 1015, Kiel Institute for the World Economy.
  4. Erich Gundlach, 2003. "Growth Effects of EU Membership: The Case of East Germany," Empirica, Springer, vol. 30(3), pages 237-270, September.
  5. Gundlach, Erich, 1999. "Die Produktivität der Bildung," Open Access Publications from Kiel Institute for the World Economy 2320, Kiel Institute for the World Economy (IfW).
  6. Martin Paldam & Erich Gundlach, 2008. "Two Views on Institutions and Development: The Grand Transition vs the Primacy of Institutions," Kyklos, Wiley Blackwell, vol. 61(1), pages 65-100, 02.
  7. Audrey Siew Kim Lim & Kam Ki Tang, 2006. "Education Inequality, Human Capital Inequality And The Kuznets Curve," CAMA Working Papers 2006-08, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
  8. Vincenzo Scoppa, 2007. "Quality of Human and Physical Capital and Technological Gaps across Italian Regions," Regional Studies, Taylor & Francis Journals, vol. 41(5), pages 585-599.
  9. Hanushek, Eric A. & Woessmann, Ludger, 2012. "Schooling, educational achievement, and the Latin American growth puzzle," Journal of Development Economics, Elsevier, vol. 99(2), pages 497-512.
  10. Eric Hanushek & Ludger Woessmann, 2008. "The Role of Cognitive Skills in Economic Development," Discussion Papers 07-034, Stanford Institute for Economic Policy Research.
  11. Gundlach, Erich & Wößmann, Ludger, 2004. "Bildungsressourcen, Bildungsinstitutionen und Bildungsqualität: Makroökonomische Relevanz und mikroökonomische Evidenz," Open Access Publications from Kiel Institute for the World Economy 3311, Kiel Institute for the World Economy (IfW).
  12. Gundlach, Erich, 2003. "Die Bedeutung des Humankapitals für das Wirtschaftswachstum," Open Access Publications from Kiel Institute for the World Economy 3029, Kiel Institute for the World Economy (IfW).
  13. Gundlach, Erich, 1999. "Investment in education: some lessons from the international evidence for the Baltic states," Kiel Discussion Papers 333, Kiel Institute for the World Economy (IfW).
  14. Siebert, Horst, 1999. "How can Europe solve its unemployment problem?," Kiel Discussion Papers 342, Kiel Institute for the World Economy (IfW).

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