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- Title
WHY DO SOME COUNTRIES PRODUCE SO MUCH MORE PER WORKER THAN OTHERS?
- Authors
Hall, Robert E.; Jones, Charles I.
- Abstract
Output per worker varies enormously across countries. Why? On an accounting basis our analysis shows that differences in physical capital and educational attainment can only partially explain the variation in output per worker--we find a large amount of variation in the level of the Solow residual across countries. At a deeper level, we document that the differences in capital accumulation, productivity, and therefore output per worker are driven by differences in institutions and government policies, which we call social infrastructure. We treat social infrastructure as endogenous, determined historically by location and other factors captured in part by language.
- Subjects
LABOR productivity; CAPITAL; INFRASTRUCTURE (Economics); HUMAN settlements; PUBLIC goods; INDUSTRIAL productivity; CAPITAL productivity; ECONOMIC development; SOCIAL institutions
- Publication
Quarterly Journal of Economics, 1999, Vol 114, Issue 1, p83
- ISSN
0033-5533
- Publication type
Article
- DOI
10.1162/003355399555954