| Publisher | London School of Economics and Political Science | ||
|---|---|---|---|
| Format | 759.7KB PDF, requires Acrobat Rdr 5 | Date added | 01 Jan 2005 |
| Topics | Financial Management, Human Capital Management | ||
| Downloads | 43 | ||
Why are some countries so much richer than others? Development Accounting is a first pass attempt at organizing the answer around two proximate determinants: factors of production and efficiency. It answers the question "how much of the cross-country income variance can be attributed to differences in (physical and human) capital, and how much to differences in the efficiency with which capital is used?" Hence, it does for the cross-section what growth accounting does in the time series.
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