Accounting for cross-country income differences
By: Francesco Caselli.
Contributors: National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 10828; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 10828.
Publisher: National Bureau of Economic Research
Published: 2004
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Income distribution.; Human capital.; Industrial efficiency.; Industrial productivity.; Economic development.
Description: "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"--National Bureau of Economic Research web site.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 1/6/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.