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Income differences around the globe go beyond physical, human capital


  • Riccardo DiCecio


Differences in physical and human capital don't fully explain the staggering differences in living standards around the globe. The high cost of starting a new business and the difficulties in obtaining financing in some countries also are key factors.

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  • Riccardo DiCecio, 2010. "Income differences around the globe go beyond physical, human capital," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 12-13.
  • Handle: RePEc:fip:fedlre:y:2010:i:apr:p:12-13

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    References listed on IDEAS

    1. Levon Barseghyan, 2008. "Entry costs and cross-country differences in productivity and output," Journal of Economic Growth, Springer, vol. 13(2), pages 145-167, June.
    2. Robert E. Hall & Charles I. Jones, 1999. "Why do Some Countries Produce So Much More Output Per Worker than Others?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 83-116.
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