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Misallocation and productivity

  • Diego Restuccia

    (University of Toronto)

  • Richard Rogerson

    (Princeton University)

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 heterogenous production units as an important source of measured TFP differences across countries. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1016/j.red.2012.11.003
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Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 16 (2013)
Issue (Month): 1 (January)
Pages: 1-10

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Handle: RePEc:red:issued:13-0
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