Barriers to Riches

Stephen L. Parente, Edward C. Prescott

Why isn't the whole world as rich as the United States? Conventional views hold that differences in the share of output invested by countries account for this disparity. Not so, say Stephen Parente and Edward Prescot. In "Barriers to Riches" , parente and Prescot argue that differences in Total Factor Productivity (TEP) explain this phenomenon. These differences exist because some countries erect barries to the efficient use of readily available technology.

The MIT Press, wydanie 2002.r
ISBN: 0-262-16193-1
Oprawa: Miękka