Why Do Some Countries Produce So Much More Output Per Worker为什么一些国家生产的每一个工人的产量都这么多.pptVIP

Why Do Some Countries Produce So Much More Output Per Worker Than Others? Robert E. Hall and Charles I. Jones Findings Many growth theory predictions can be considered in a CROSS-SECTION context by examining income levels across countries Large output per worker variation across countries ONLY PARTIALLY explained by differences in physical capital and educational attainment. Differences in SOCIAL INFRASTRUCTURE across countries cause LARGE DIFFERENCES in capital accumulation, educational attainment and productivity and thus LARGE DIFFERENCES in income across countries. Using distance fro