Accounting for Cross-Country Income Differences

摘要: 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 question “how cross-country income variance can be attributed to differences in (physical human) capital, how efficiency with which capital used?” Hence, it does for cross-section what growth accounting time series. The current consensus that least as important explaining differences. I survey data basic methods lead this consensus, explore several extensions. argue these extensions may reconsideration evidence.