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Construction productivity and global inequality

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Listed:
  • Saumik Paul
  • Kunal Sen

Abstract

Two well established stylized facts of economic development are a strong correlation between investment and income, and large differences in investment rates across countries. Construction is the largest component of investment. This paper examines the implications of heterogeneity in construction productivity on cross-country income disparity. We estimate the 10:1 spread in construction productivity among 145 countries in 2005 as a factor of 61.7-fold.

Suggested Citation

  • Saumik Paul & Kunal Sen, 2023. "Construction productivity and global inequality," WIDER Working Paper Series wp-2023-135, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2023-135
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    References listed on IDEAS

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