Misallocation and productivity

Diego Restuccia; Richard Rogerson

doi:10.1016/j.red.2012.11.003

Misallocation and productivity

Diego Restuccia
, Richard Rogerson

Princeton School of Public and International Affairs

Research output: Contribution to journal › Editorial › peer-review

302 Scopus citations

Abstract

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 heterogeneous production units as an important source of measured TFP differences across countries.

Original language	English (US)
Pages (from-to)	1-10
Number of pages	10
Journal	Review of Economic Dynamics
Volume	16
Issue number	1
DOIs	https://doi.org/10.1016/j.red.2012.11.003
State	Published - Jan 2013

All Science Journal Classification (ASJC) codes

Economics and Econometrics

Keywords

Distortions
Heterogeneous establishments
Misallocation
Productivity

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10.1016/j.red.2012.11.003

Cite this

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title = "Misallocation and productivity",

abstract = "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 heterogeneous production units as an important source of measured TFP differences across countries.",

keywords = "Distortions, Heterogeneous establishments, Misallocation, Productivity",

author = "Diego Restuccia and Richard Rogerson",

note = "Funding Information: ✩ Restuccia acknowledges the financial support from the Social Sciences and Humanities Research Council of Canada. * Corresponding author. E-mail addresses: [email protected] (D. Restuccia), [email protected] (R. Rogerson). 1 See also Caselli (2005) and Hsieh and Klenow (2010) for recent surveys. 2 Applications of this idea in different contexts include for example Nelson and Phelps (1966), Aghion and Howitt (1992), and Parente and Prescott (1994). See also Comin and Hobijn (2010) for an examination of technology adoption patterns across countries. 3 See, for example, Parente and Prescott (1999, 2000), Schmitz (2005), Bloom and Van Reenen (2007) and Bloom et al. (forthcoming).",

year = "2013",

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doi = "10.1016/j.red.2012.11.003",

language = "English (US)",

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AU - Rogerson, Richard

N1 - Funding Information: ✩ Restuccia acknowledges the financial support from the Social Sciences and Humanities Research Council of Canada. * Corresponding author. E-mail addresses: [email protected] (D. Restuccia), [email protected] (R. Rogerson). 1 See also Caselli (2005) and Hsieh and Klenow (2010) for recent surveys. 2 Applications of this idea in different contexts include for example Nelson and Phelps (1966), Aghion and Howitt (1992), and Parente and Prescott (1994). See also Comin and Hobijn (2010) for an examination of technology adoption patterns across countries. 3 See, for example, Parente and Prescott (1999, 2000), Schmitz (2005), Bloom and Van Reenen (2007) and Bloom et al. (forthcoming).

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KW - Distortions

KW - Heterogeneous establishments

KW - Misallocation

KW - Productivity

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DO - 10.1016/j.red.2012.11.003

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Misallocation and productivity

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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