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Total Factor Productivity equation and development accounting: New evidence

  • KOCH, Wilfried

    ()

    (LEG - CNRS UMR 5118 - Université de Bourgogne)

The aim of this paper is reconciliating spatial autocorrelation often observed in the world distribution of wealth and its effects on development gap. Neglecting spatial autocorrelation potentially biased our vision on the role of physical capital in development process. We therefore show that the total contribution of physical capital account almost 90% of differences between developing countries and the most richest countries.

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File URL: http://leg.u-bourgogne.fr/images/stories/pdf/doc_trav2006/e2006-04.pdf
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Paper provided by LEG, Laboratoire d'Economie et de Gestion, CNRS, Université de Bourgogne in its series LEG - Document de travail - Economie with number 2006-04.

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Length: 32 pages
Date of creation: Apr 2006
Date of revision:
Handle: RePEc:lat:legeco:2006-04
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