The B.E. Journal of Macroeconomics
Editor-in-Chief: Cavalcanti, Tiago / Mertens, Karel
Ed. by Abraham, Arpad / Carceles-Poveda , Eva / Debortoli, Davide / Kambourov, Gueorgui / Lambertini, Luisa / Pavoni, Nicola / Ruhl, Kim
2 Issues per year
IMPACT FACTOR increased in 2014: 0.389
5-year IMPACT FACTOR: 0.406
SCImago Journal Rank (SJR) 2014: 0.610
Source Normalized Impact per Paper (SNIP) 2014: 0.518
Impact per Publication (IPP) 2014: 0.419
Volume 14 (2014)
Volume 13 (2013)
Volume 12 (2012)
Volume 11 (2011)
Volume 10 (2010)
Volume 9 (2009)
Volume 8 (2008)
Volume 7 (2007)
Volume 5 (2005)
Volume 4 (2004)
Volume 3 (2003)
Volume 2 (2002)
Most Downloaded Articles
- Comparing Wealth Effects: The Stock Market versus the Housing Market by Case, Karl E./ Quigley, John M. and Shiller, Robert J.
- Monetary and Macroprudential Policy Rules in a Model with House Price Booms by Kannan, Prakash/ Rabanal, Pau and Scott, Alasdair M.
- Who Gets the Credit? And Does It Matter? Household vs. Firm Lending Across Countries by Beck, Thorsten/ Büyükkarabacak, Berrak/ Rioja, Felix K. and Valev, Neven T.
- The Effects of the Great Recession on Central Bank Doctrine and Practice by Bernanke, Ben S.
Sector-Specific Capital, Labor Market Distortions and Cross-Country Income Differences: A Two-Sector General Equilibrium Approach
1University of Toronto (email)
Citation Information: The B.E. Journal of Macroeconomics. Volume 12, Issue 1, ISSN (Online) 1935-1690, DOI: 10.1515/1935-1690.2328, March 2012
- Published Online:
This paper highlights the significance of labor market distortions in explaining cross-country income differences using a two-sector general equilibrium model that incorporates modern intermediate inputs used in agriculture together with sector-specific human and physical capital. Using the best available information, I construct new sectoral data on quality-adjusted human capital and PPP-adjusted physical capital. Although both types of capital - physical capital in particular - play important roles, using a sample of 43 countries, I find that in terms of capturing the observed disparities, either in relative labor productivity in agriculture or aggregate output per worker between the rich and the poor countries, the role of labor market distortions outweighs the role of either sectoral human or physical capital.
Here you can find all Crossref-listed publications in which this article is cited. If you would like to receive automatic email messages as soon as this article is cited in other publications, simply activate the “Citation Alert” on the top of this page.