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Misallocation, Economic Growth, and Input-Output Economics / Charles I. Jones.
- Format:
- Book
- Author/Creator:
- Jones, Charles I.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w16742.
- NBER working paper series no. w16742
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading growth researchers in new directions, two examples being the extensive use of firm-level data and the exploration of input-output tables, and promises to yield new insights on why some countries are so much richer than others.
- Notes:
- Print version record
- January 2011.
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