Cao, Shutao - Bank of Canada - 2008
mainly through changes in ownership) on aggregate labour productivity. Capital reallocation is an important activity in the … United States: on average, its total value is 3-4 per cent of U.S. GDP. Firms with lower productivity are more likely to be … reallocated to (i.e., bought by) more productive firms. Reallocated establishments experience an increase in productivity. The …