About the Researcher(s)/Author(s)

Diego Restuccia

Diego Restuccia is a professor of economics and a Canada Research Chair in Macroeconomics and Productivity at the University of Toronto. He is a research associate in the NBER’s Economic Fluctuations and Growth Program and a research director in the Macroeconomic Development group at the Research IEnstitute for Development, Growth, and Economics. He serves on the advisory committee of the Trade, Integration, and Growth Network of the Latin American and Caribbean Economic Association and as an editor of the Review of Economic Dynamics. He is also a Fellow at the Bank of Canada.

Restuccia’s research interests lie at the intersection of macroeconomics, development, and labor economics. His recent work focuses on macroeconomic growth and development, in particular the role of resource allocation across firms or sectors in accounting for aggregate outcomes. More broadly, his work has emphasized the impact of productivity in structural transformation across countries, the contribution of misallocation to differences in establishment size across sectors and countries, and the role of human capital in a variety of contexts, including cross-country development, the intergenerational transmission of economic status and inequality, and gender differences in employment and wages. His work has appeared in leading economic journals.

He received a PhD and MA in economics from the University of Minnesota and an undergraduate degree from Universidad Católica Andrés Bello in Caracas, Venezuela. He was born in Montevideo, Uruguay and grew up in Caracas. He lives in Toronto with his wife and son.


1. “Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis,” Restuccia D, Yang D, Zhu X. Journal of Monetary Economics 55(2), March 2008, pp. 234–250.   Go to ⤴︎
2. “Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data,” Adamopoulos T, Restuccia D. NBER Working Paper 24532, April 2018.   Go to ⤴︎
3. “Policy Distortions and Aggregate Productivity with Heterogeneous Establishments,” Restuccia D, Rogerson R. NBER Working Paper 13018, April 2007, and Review of Economic Dynamics 11(4), pp. 707-720; “The Causes and Costs of Misallocation,” Restuccia D, Rogerson R. NBER Working Paper 23422, May 2017, and Journal of Economic Perspectives 31(3), Summer 2017, pp. 151–174.   Go to ⤴︎
4. “The Size Distribution of Farms and International Productivity Differences,” Adamopoulos T, Restuccia D. American Economic Review 104(6), June 2014, pp. 1667–1697.   Go to ⤴︎
5. “Land Misallocation and Productivity,” Restuccia D, Santaeulalia-Llopis R. NBER Working Paper 23128, February 2017.   Go to ⤴︎
6. “Misallocation, Selection, and Productivity: A Quantitative Analysis with Panel Data from China,” Adamopoulos T, Brandt L, Leight J, Restuccia D. NBER Working Paper 23039, January 2017, revised January 2020.   Go to ⤴︎
7. “Land Reform and Productivity: A Quantitative Analysis with Micro Data,” Adamopoulos T, Restuccia D. NBER Working Paper 25780, April 2019, and American Economic Journal: Macroeconomics, forthcoming.   Go to ⤴︎
8. “The Effects of Land Markets on Resource Allocation and Agricultural Productivity,” Chen C, Restuccia D, Santaeulalia-Llopis R. NBER Working Paper 24034, November 2017, revised March 2020.   Go to ⤴︎
9. “Misallocation or Mismeasurement?” Bils M, Klenow P, Ruane C. NBER Working Paper 26711, January 2020.   Go to ⤴︎
10. “Are Small Farms Really More Productive than Large Farms?” Aragon Sanchez F, Restuccia D, Rud J. NBER Working Paper 26331, September 2019. Go to ⤴︎

More from NBER

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Retirement and Disability, and the Bulletin on Health — as well as online conference reports, video lectures, and interviews.

Economics of Digitization Figure 1
  • Article
The NBER Economics of Digitization Project, established in 2010 with support from the Alfred P. Sloan Foundation,...
  • Lecture
Claudia Goldin, the Henry Lee Professor of Economics at Harvard University and a past president of the American...
2020 Methods Lecture Promo Image
  • Lecture
The extent to which individual responses to household surveys are protected from discovery by outside parties depends...

NBER periodicals, and newsletters are not copyrighted and may be reproduced freely with appropriate attribution.