Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146468
Authors: 
Izquierdo, Alejandro
Llopis, Jimena
Muratori, Umberto
Ruiz, José Juan
Year of Publication: 
2016
Series/Report no.: 
IDB Working Paper Series IDB-WP-680
Abstract: 
This study is a first contribution to prioritization across productivity determinant capabilities that attempts to obtain the equivalent of a "shadow price" for each of these capabilities by estimating their impact on the success a country may have in reaching higher income per capita groups. The prioritization of these determinants-spanning different sectors-seems to be specific to the income per capita group to which a country belongs. Moreover, empirical estimates reveal that interactions among sectors matter for increasing the probability of climbing up the income-per-capita ladder, reflecting the existence of complementarities across sectors, thus indicating that the joint improvement of some of them may be necessary before effects are noticeable. Results also indicate that the identification of priorities by looking at the impact that sectors have on increasing the likelihood of advancing to a better income per capita group may or may not coincide with the size of sector gaps typically used for the determination of priorities, as larger gaps do not necessarily capture the relevance of sectoral restrictions and their interactions.
Subjects: 
Development
Productivity
Per capita income priorities
Growth
JEL: 
O10
O40
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc-nd/3.0/igo/legalcode
Document Type: 
Working Paper

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