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Brandt, Loren; Zhu, Xiaodong - University of Toronto, Department of Economics - 2010

, there have been doubts about the contribution of TFP improvements to growth. For the period between 1978 and 1998, Young … to the role of rising rates of investment. Because labor reallocations across sectors, TFP growth at the sector level and … modest role for labor reallocation and capital deepening, and identify rising TFP in the non-state nonagricultural sector as …

Persistent link: https://www.econbiz.de/10008636444

Disaggregate Productivity Comparisons: Sectoral Convergence in OECD Countries

Biesebroeck, Johannes Van - University of Toronto, Department of Economics - 2007

International comparisons of productivity have used exchange rates or purchasing power parity (PPP) to make output comparable across countries. While aggregate PPP holds well in the long run, sectoral deviations are very persistent. It raises the need for a currency conversion factor at the same...

Persistent link: https://www.econbiz.de/10005704804

The Role of the Structural Transformation in Aggregate Productivity

Duarte, Margarida; Restuccia, Diego - University of Toronto, Department of Economics - 2007

We investigate the role of sectoral differences in labor productivity and the process of structural transformation (the secular reallocation of labor across sectors) in accounting for the time path of aggregate productivity across countries. Using a simple model of the structural transformation...

Persistent link: https://www.econbiz.de/10005827269

Land Misallocation and Productivity

Restuccia, Diego; Santaeulalia-Llopis, Raul - University of Toronto, Department of Economics - 2015

Using detailed household-farm level data from Malawi, we measure real farm total factor productivity (TFP) controlling … for a wide array of factor inputs, land quality, and transitory shocks. The distribution of farm TFP has substantial … are essentially unrelated to farm TFP implying a strong negative effect on agricultural productivity. A reallocation of …

Persistent link: https://www.econbiz.de/10011152376

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2011

Consider the following facts. In 1950 the richest ten-percent of countries attained an average of 8.1 years of schooling whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in schooling declined to 2-fold. The fact is that schooling has...

Persistent link: https://www.econbiz.de/10009147926

Venezuela's Growth Experience

Bello, Omar D; Blyde, Juan S; Restuccia, Diego - University of Toronto, Department of Economics - 2011

productive activities. These policies generate misallocation, lower TFP, and a decline in capital accumulation. We show in the … current differences in TFP, capital accumulation, and income per capita between Venezuela and the United States. …

Persistent link: https://www.econbiz.de/10009147929

The Size Distribution of Farms and International Productivity Differences

Adamopoulos, Tasso; Restuccia, Diego - University of Toronto, Department of Economics - 2011

There is a 34-fold difference in average farm size (land per farm) between rich and poor countries and striking differences in their size distributions. Since labor productivity is much higher in large relative to small farms, we study the determinants of farm-size differences across countries...

Persistent link: https://www.econbiz.de/10009353455

The Evolution of Education: A Macroeconomic Analysis

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2012

Between 1940 and 2000 there has been a substantial increase of educational attainment in the United States. What caused this trend? We develop a model of human capital accumulation that features a non-degenerate distribution of educational attainment in the population. We use this framework to...

Persistent link: https://www.econbiz.de/10010850113

Untitled Land, Occupational Choice, and Agricultural Productivity

Chen, Chaoran - University of Toronto, Department of Economics - 2014

The prevalence of untitled land in poor countries helps explain the agricultural productivity gap between rich and poor countries. Since untitled land cannot be rented or traded across farmers, it creates not only land market misallocation, but also distortions in occupational choice. I build a...

Persistent link: https://www.econbiz.de/10010850119

Explaining Educational Attainment across Countries and over Time

Restuccia, Diego; Vandenbroucke, Guillaume - University of Toronto, Department of Economics - 2013

Consider the following facts. In 1950 the richest ten-percent of countries attained an average of 8 years of schooling whereas the poorest ten-percent of countries attained 1.3 years, a 6-fold difference. By 2005, the difference in schooling declined to 2-fold. The fact is that schooling has...

Persistent link: https://www.econbiz.de/10010850127