Causa, Orsetta; Cohen, Daniel - C.E.P.R. Discussion Papers - 2006
distinguishes the contribution of five factors: private capital, infrastructure, education, trade integration, and net efficiency … productivity of the industrial sector is indeed the product of about five times 70%. But 0.70 to the power of five is 17%. The … least productive country in the sample, Bangladesh, has a productivity level worth about 2% of that of the richest nations …