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Income differences around the globe go beyond physical, human capital

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  • Riccardo DiCecio

Abstract

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.

Suggested Citation

  • 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

    as
    1. 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, President and Fellows of Harvard College, vol. 114(1), pages 83-116.
    2. Barseghyan, Levon & DiCecio, Riccardo, 2011. "Entry costs, industry structure, and cross-country income and TFP differences," Journal of Economic Theory, Elsevier, vol. 146(5), pages 1828-1851, September.
    3. 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.
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