Profesores Escuela de Gobierno y Transformación Pública

Dr. Julio Leal "Which sectors make poor countries so unproductive? A perspective from inter-sectoral linkages"

 

Abstract:

 

For a typical developing country, this paper shows that once inter-sectoral linkages are taken into account, closing the productivity gap in a number of services gives bigger gains in aggregate productivity than closing it in agriculture or in manufacturing, despite the larger gap in the last two. This is performed in the context of a general equilibrium framework with inter-sectoral linkages calibrated using input-output tables for Mexico and the US. Sectorial distortions that misallocate resources across sectors are computed in the spirit of Charietal.(2007). One distortion introduces a wedge between marginal revenue and marginal cost (a markup), and another one, sets a wedge between the value of the marginal productivity of labor and the marginal cost of labor (labor wedge). I decompose the effect of the removal of these distortions on aggregate productivity, identifying: 1) a direct effect on the supply of the good; 2) an effect on the allocation of labor; and 3) an effect on the allocation of output between final and intermediate uses. All these, are also affected by inter-sectoral linkages.

 

Fecha: 22 de abril de 2015

Lugar en vivo: Campus Santa Fe, Aulas 2, Aula Magna 2

Transmisión en Monterrey: Escuela de Gobierno y Transformación Pública, Salón 305

Hora: 12:00 a 14:00

Público: Abierto