Maliranta, Mika; Määttänen, Niku - Elinkeinoelämän Tutkimuslaitos (ETLA) - 2013
productivity. An important issue, therefore, is how to measure allocative efficiency. We compare popular indicators of allocative … productivity and to the Olley-Pakes (OP) covariance component, which is currently the most popular measure of allocative efficiency … efficiency, paying special attention to firm turnover. We first show how entering and exiting firms contribute to aggregate …