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Which sectors make the poor countries so unproductive?

Valentinyi, Akos 2012. Which sectors make the poor countries so unproductive? Journal of the European Economic Association 10 (2) , pp. 323-341. 10.1111/j.1542-4774.2011.01062.x

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Abstract

Which sectors are mostly responsible for the low TFPs of developing coun- tries? To answer this question we develop a new framework for sectoral development accounting. Applying this framework to the Penn World Table, we find that in equipment, construction, and food the sectoral TFP differences between developing countries and the United States are much larger than in the aggregate. In contrast, in manufactured consumption the sectoral TFP differences are about equal to the aggregate TFP differences and in services they are much smaller. We show that our level of disaggregation allows us to reconcile the results of existing studies of sectoral productivity differences, which have focused on non{comparable two{sector decompositions of the aggregate data. We also show that our results help us shed light on existing theories of aggregate TFP differences.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Subjects: H Social Sciences > HB Economic Theory
Uncontrolled Keywords: O14; O41; O47
Publisher: Wiley-Blackwell
ISSN: 1542-4774
Date of First Compliant Deposit: 30 March 2016
Last Modified: 01 Feb 2017 04:22
URI: http://orca-mwe.cf.ac.uk/id/eprint/51196

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