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Misallocation and aggregate productivity across time and space

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  • Diego Restuccia

Abstract

Productivity is at the core of the large differences in income per capita across countries. What accounts for international productivity differences? I discuss cross-country differences in the allocation of inputs across heterogeneous production unitsmisallocationas a potential factor in accounting for aggregate productivity. Policies and institutions generating misallocation are prevalent in poor and developing countries and may also be responsible for differences in the selection of operating producers and technology used, contributing substantially to aggregate productivity differences across countries.

Suggested Citation

  • Diego Restuccia, 2019. "Misallocation and aggregate productivity across time and space," Canadian Journal of Economics, Canadian Economics Association, vol. 52(1), pages 5-32, February.
    • Handle: RePEc:cje:issued:v:52:y:2019:i:1:p:5-32
    DOI: 10.1111/caje.12364
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    Cited by:

    1. Tasso Adam & Loren Brandt & Chaoran Chen & Diego Restuccia & Xiaoyun Wei, 2024. "Land Security and Mobility Frictions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 139(3), pages 1941-1987.
    2. Chen, Guowen & Herrera, Ana María & Lugauer, Steven, 2022. "Policy and misallocation: Evidence from Chinese firm-level data," European Economic Review, Elsevier, vol. 149(C).
    3. Bruno Merlevede & Annelies Van Maele, 2025. "The role of services sectors for aggregate productivity: A firm-level anatomy of a large panel of European firms," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 25/1109, Ghent University, Faculty of Economics and Business Administration.
    4. Stephen Ayerst & Duc M. Nguyen & Diego Restuccia, 2024. "The Micro and Macro Productivity of Nations," NBER Working Papers 32750, National Bureau of Economic Research, Inc.
    5. Wenqin Yan & Dongsheng Yan, 2023. "The Regional Effect of Land Transfer on Green Total Factor Productivity in the Yangtze River Delta: A Spatial Econometric Investigation," Land, MDPI, vol. 12(9), pages 1-18, September.
    6. Yidan Liang, 2023. "The effect of capital and labour distortion on innovation," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 63(2), pages 1709-1737, June.
    7. Marijn A. Bolhuis & Swapnika R. Rachapalli & Diego Restuccia, 2021. "Misallocation in Indian Agriculture," NBER Working Papers 29363, National Bureau of Economic Research, Inc.
    8. Florian Misch & Christian Saborowski, 2020. "The Drivers and Consequences of Resource Misallocation: Exploiting Variation across Mexican Industries and States," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Spring 20), pages 61-96.

    More about this item

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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