Replication data for: Natural Resources and Global Misallocation
- Monge-Naranjo, Alexander
- Sánchez, Juan M.
- Santaeulàlia-Llopis, Raül
AbstractAre production factors allocated efficiently across countries? To differentiate misallocation from factor intensity differences, we provide a new methodology to estimate output shares of natural resources based solely on current rent flows data. With this methodology, we construct a new dataset of estimates for the output shares of natural resources for a large panel of countries. In sharp contrast with Caselli and Feyrer (2007), we find a significant and persistent degree of misallocation of physical capital. We also find a remarkable movement toward efficiency during the last 35 years, associated with the elimination of interventionist policies and driven by domestic accumulation.
Is supplement to
DOI: 10.1257/mac.20170381 (Text)
Monge-Naranjo, Alexander, Juan M. Sánchez, and Raül Santaeulàlia-Llopis. “Natural Resources and Global Misallocation.” American Economic Journal: Macroeconomics 11, no. 2 (April 2019): 79–126. https://doi.org/10.1257/mac.20170381.
- ID: 10.1257/mac.20170381 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-13