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Market failures and misallocation
Shenoy, Ajay - 2015
I develop a method to measure and separate the production misallocation caused by failures in factor markets versus financial markets. When I apply the method to rice farming villages in Thailand I find surprisingly little misallocation. Optimal reallocation would increase output in most...
Persistent link: https://www.econbiz.de/10010499584
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Market Failures and Misallocation
Shenoy, Ajay - 2015
I develop a method to measure and separate the production misallocation caused by failures in factor markets versus financial markets. When I apply the method to rice farming villages in Thailand I find surprisingly little misallocation. Optimal reallocation would increase output in most...
Persistent link: https://www.econbiz.de/10013037374
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Service matters : capital misallocation and sectoral economic growth
Choi, Woo Jin; Roh, Woo Jin - In: KDI-journal of economic policy 45 (2023) 1, pp. 1-32
Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and sectoral level data, first we assess the rising dispersion of...
Persistent link: https://www.econbiz.de/10014235255
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Tasmania's Community Services Industry : Sustainability and Market Failure Risk
Gilchrist, David; Feenan, Clare - 2023
money in order to deliver more services • Expenditure grew 26% faster than income • Aggregate profitability fell by 10 … paying $9m to deliver additional services to the state in 2020. That is, they made a loss delivering these additional … services. Aggregate profitability fell by 10.5% and 54% of charities failed to keep pace with the Tasmanian Health CPI …
Persistent link: https://www.econbiz.de/10014264305
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Management and misallocation in Mexico
Bloom, Nicholas; Iacovone, Leonardo; Pereira-López, Mariana - 2022
Persistent link: https://www.econbiz.de/10012818309
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Automation and sectoral reallocation
Hutschenreiter, Dennis C.; Santini, Tommaso; Vella, Eugenia - In: SERIEs : Journal of the Spanish Economic Association 13 (2022) 1, pp. 335-362
to a sectoral reallocation of employment from manufacturing to services, leaving total employment unaffected. We …
Persistent link: https://www.econbiz.de/10013326900
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Quality misallocation, trade, and regulations
Macedoni, Luca; Weinberger, Ariel - 2021
high-quality firms, who under-produce in the market allocation. Furthermore, the fixed cost generates a positive externality …
Persistent link: https://www.econbiz.de/10012509336
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Trade, productivity and (mis)allocation
Berthou, Antoine; Chung, Jong Hyun; Manova, Kalina; … - 2020
We examine the gains from globalization in the presence of firm heterogeneity and potential resource misallocation. We show theoretically that without distortions, bilateral and export liberalizations increase aggregate welfare and productivity, while import liberalization has ambiguous effects....
Persistent link: https://www.econbiz.de/10012301837
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Sources of labour productivity growth at sector level in Britain, after 2007 : a firm level analysis
Riley, Rebecca R.; Rosazza Bondibene, Chiara - 2016
Persistent link: https://www.econbiz.de/10011588301
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Trade, productivity and (mis)allocation
Berthou, Antoine; Chung, Jong Hyun; Manova, Kalina; … - 2020
Persistent link: https://www.econbiz.de/10012196267