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ON THE ROLE OF MISALLOCATION IN AGGREGATE PRODUCTIVITY
November 7, 2017

Diego Restuccia's article on VoxDev (co-authored with Richard Rogerson of Princeton) examines misallocation, a key cause of productivity disparities across nations. The result of many factors, it is difficult to isolate policy solutions for the phenomenon. Restuccia and Rogerson discuss sources of misallocation, its direct effect on productivity, and how it may be an important factor in explaining the slow diffusion of technology to less developed countries.

⇒ View the VoxDev article