Firms, Misallocation, and Aggregate Productivity: A Review

Firm heterogeneity and the allocation of resources across firms play a key role in determining aggregate productivity. Entry barriers and misallocation can substantially impact productivity, as evidenced in recent work. This article provides a unifying theoretical framework and a review of this literature.

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Year of publication:	2014
Authors:	Hopenhayn, Hugo A.
Published in:	Annual Review of Economics. - Annual Reviews, ISSN 1941-1383. - Vol. 6.2014, 1, p. 735-770
Publisher:	Annual Reviews
Subject:	distortions \| resource allocation \| firm heterogeneity

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Extent:	application/pdf
Type of publication:	Article
Classification:	O10 - Economic Development. General ; O11 - Macroeconomic Analyses of Economic Development ; O40 - Economic Growth and Aggregate Productivity. General ; O47 - Measurement of Economic Growth; Aggregate Productivity ; E23 - Production ; E26 - Informal Economy; Underground Economy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010886191