IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Development Accounting

  • Juan Carlos Cordoba
  • Marla Ripoll

This paper seeks to device and estimate an accounting framework for international comparison of income that takes into account relevant features of poor countries that are often disregarded in the more traditional single-good, Cobb-Douglas accounting framework. Our framework allows for multiple sectors, namely agriculture, manufacturing and services, as well as the possibility of home production. As poor countries are mainly agricultural and their home production could be potentially large, we consider these two features critical to correctly assess the contribution of factors of production versus TFP. Sectorial production functions can either be Cobb-Douglas with different capital shares, but we also study more general CES production functions. We assess how well a single-good, Cobb-Douglas framework performs compared with ours. We show that the standard framework could significantly downplay the role of factors of production, particularly for poor countries, if factor shares are significantly different across sectors. Given the critical importance of sectorial factor shares and the poor basis for any calibration, especially for poor countries, we proceed to estimate these and other parameters of the model under different identifying assumptions. The estimation exploits sectorial information on outputs and inputs

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Paper provided by Society for Economic Dynamics in its series 2004 Meeting Papers with number 325.

as
in new window

Length:
Date of creation: 2004
Date of revision:
Handle: RePEc:red:sed004:325
Contact details of provider: Postal: Society for Economic Dynamics Christian Zimmermann Economic Research Federal Reserve Bank of St. Louis PO Box 442 St. Louis MO 63166-0442 USA
Fax: 1-314-444-8731
Web page: http://www.EconomicDynamics.org/society.htm
Email:


More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:red:sed004:325. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christian Zimmermann)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.