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Misallocation and Productivity

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  • Diego Restuccia
  • Richard Rogerson

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.

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Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-468.

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Length: Unknown pages
Date of creation: 23 Nov 2012
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Handle: RePEc:tor:tecipa:tecipa-468

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Keywords: misallocation; productivity; heterogeneous establishments; distortions.;

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References

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Citations

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Cited by:
  1. Gelb, Alan & Meyer, Christian J. & Ramachandran, Vijaya, 2014. "Development as diffusion: Manufacturing productivity and sub-Saharan Africa.s missing middle," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. Choi, Jangho & Gopinath, Munisamy, 2013. "Structure and Behavior of Multi-product Firms: Evidence from India," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149824, Agricultural and Applied Economics Association.
  3. Tasso Adamopoulos & Diego Restuccia, 2013. "The Size Distribution of Farms and International Productivity Differences," Working Papers tecipa-480, University of Toronto, Department of Economics.
  4. Zheng (Michael) Song & Guiying (Laura) Wu, 2013. "A Structural Estimation on Capital Market Distortions in Chinese Manufacturing," Economic Growth centre Working Paper Series 1306, Nanyang Technolgical University, School of Humanities and Social Sciences, Economic Growth centre.
  5. Reis, Ricardo, 2013. "The Portuguese Slump and Crash and the Euro Crisis," CEPR Discussion Papers 9591, C.E.P.R. Discussion Papers.
  6. Javad Sadeghzadeh, 2014. "Innovation Subsidies: Misallocation and Technology Upgrade," 2014 Papers psa1207, Job Market Papers.
  7. Ma, Shuzhong & Feng, Han, 2013. "Will the decline of efficiency in China's agriculture come to an end? An analysis based on opening and convergence," China Economic Review, Elsevier, vol. 27(C), pages 179-190.
  8. Flora Bellone & Jérémy Mallen-Pisano, 2013. "Is Misallocation Higher in France than in the United States?," GREDEG Working Papers 2013-38, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.

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