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The Latin American Efficiency Gap

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  • Francesco Caselli

    () (Author-Workplace-Name: Centre for Macroeconomics (CFM))

Abstract

The average Latin American country produces about 1 fifth of the output per worker of the US. What are the sources of these enormous income gaps? This paper reports development-accounting results for Latin America. Development accounting compares differences in income per worker between developing and developed countries to counter-factual differences attributable to observable components of physical and human capital. Such calculations can serve a useful preliminary diagnostic role before engaging in deeper and more detailed explorations of the fundamental determinants of differences in income per worker.

Suggested Citation

  • Francesco Caselli, 2014. "The Latin American Efficiency Gap," Discussion Papers 1421, Centre for Macroeconomics (CFM).
  • Handle: RePEc:cfm:wpaper:1421
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    File URL: http://www.centreformacroeconomics.ac.uk/Discussion-Papers/2014/CFMDP2014-21-Paper.pdf
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. E. Gundlach & D. Rudman & L. Wossmann, 2002. "Second thoughts on development accounting," Applied Economics, Taylor & Francis Journals, vol. 34(11), pages 1359-1369.
    2. Douglas Gollin, 2002. "Getting Income Shares Right," Journal of Political Economy, University of Chicago Press, vol. 110(2), pages 458-474, April.
    3. Francesco Caselli & James Feyrer, 2007. "The Marginal Product of Capital," The Quarterly Journal of Economics, Oxford University Press, vol. 122(2), pages 535-568.
    4. Susana Iranzo & Giovanni Peri, 2009. "Schooling Externalities, Technology, and Productivity: Theory and Evidence from U.S. States," The Review of Economics and Statistics, MIT Press, vol. 91(2), pages 420-431, May.
    5. 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.
    6. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    7. Eric A. Hanushek & Lei Zhang, 2006. "Quality-Consistent Estimates of International Returns to Skill," NBER Working Papers 12664, National Bureau of Economic Research, Inc.
    8. Francesco Caselli & Wilbur John Coleman II, 2006. "The World Technology Frontier," American Economic Review, American Economic Association, vol. 96(3), pages 499-522, June.
    9. Eric A. Hanushek & Lei Zhang, 2009. "Quality-Consistent Estimates of International Schooling and Skill Gradients," Journal of Human Capital, University of Chicago Press, vol. 3(2), pages 107-143.
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    Cited by:

    1. Mendez-Guerra, Carlos, 2017. "Labor productivity, capital accumulation, and aggregate efficiency across countries: Some stylized facts," MPRA Paper 82461, University Library of Munich, Germany.
    2. Jorge Thompson Araujo & Markus Brueckner & Mateo Clavijo & Ekaterina Vostroknutova & Konstantin M. Wacker, 2014. "Benchmarking the Determinants of Economic Growth in Latin America and the Caribbean," World Bank Other Operational Studies 21318, The World Bank.
    3. Jorge Thompson Araujo & Ekaterina Vostroknutova & Markus Brueckner & Mateo Clavijo & Konstantin M. Wacker, 2016. "Beyond Commodities," World Bank Publications, The World Bank, number 25321.

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