Caselli, Francesco 
ORCID: 0009-0001-5191-7156
(2004)
Accounting for cross-country income differences.
.
National Bureau of Economic Research, London, UK.
Abstract
Why are some countries so much richer than others? Development Accounting is a first-pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question ``how much of the cross-country income variance can be attributed to differences in (physical and human) capital, and how much to differences in the efficiency with which capital is used?'' Hence, it does for the cross-section what growth accounting does in the time series. The current consensus is that efficiency is at least as important as capital in explaining income differences. I survey the data and the basic methods that lead to this consensus, and explore several extensions. I argue that some of these extensions may lead to a reconsideration of the evidence.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.nber.org |
| Additional Information: | © 2004 Francesco Caselli |
| Divisions: | Centre for Economic Performance Economics |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor |
| JEL classification: | E - Macroeconomics and Monetary Economics > E2 - Consumption, Saving, Production, Employment, and Investment O - Economic Development, Technological Change, and Growth > O5 - Economywide Country Studies O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity O - Economic Development, Technological Change, and Growth > O1 - Economic Development O - Economic Development, Technological Change, and Growth > O2 - Development Planning and Policy |
| Date Deposited: | 03 Jun 2008 14:23 |
| Last Modified: | 01 Oct 2024 03:17 |
| URI: | http://eprints.lse.ac.uk/id/eprint/5292 |
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