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in productivity are a dominant source of these differences. But what accounts for productivity differences across … as follows. Misallocation appears to be a substantial channel in accounting for productivity differences across countries … static cost of misallocation, we believe that the dynamic effects of misallocation on productivity growth are significant and …
Persistent link: https://www.econbiz.de/10012455259
-level panel data to assess the effect of distortions in land rental markets on agricultural productivity. We provide empirical … rentals have substantial positive effects on agricultural productivity: an efficient reallocation of land increases … agricultural productivity by 38 percent on average and by more than 50 percent in states with highly distorted rental markets. Both …
Persistent link: https://www.econbiz.de/10012660041
substantial negative effects on agricultural productivity and structural change, raising the share of households operating farms … by almost 30 percentage points and depressing agricultural productivity by more than 10 percent. Quantitatively, land …
Persistent link: https://www.econbiz.de/10012814441
We assess the effects of a major land policy change on farm size and agricultural productivity using a quantitative … can reduce agricultural productivity not only by misallocating resources across farmers but also by distorting farmers … impact the land reform reduces average farm size by 34% and agricultural productivity by 17%. The government assignment of …
Persistent link: https://www.econbiz.de/10012479730
dynamism, may explain the observed productivity slowdown. We consider the role of nonemployers, businesses without paid … employees, in business dynamism and aggregate productivity. Despite the decline in the growth of employer firms, the total … average annual growth of aggregate productivity of 0.26-0.39%, over one quarter of the productivity growth in the data …
Persistent link: https://www.econbiz.de/10012479947
We revisit the long-standing empirical evidence of an inverse relationship between farm size and productivity using … in the literature, but positively related to farm productivity (a farm-specific component of total factor productivity … evaluating the role of farm-specific distortions. Our findings point to the limited value of yields (or land productivity) in …
Persistent link: https://www.econbiz.de/10012480276
endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …
Persistent link: https://www.econbiz.de/10012480621
We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...
Persistent link: https://www.econbiz.de/10012465637
even for risk neutral multinationals, as their profit function is non-linear due to price and productivity effects. For … of productivity shocks in an emerging market producing the intermediate inputs reduces the multinationals' expected … in each country to productivity shocks, channeling the average employment from the more to the less volatile location …
Persistent link: https://www.econbiz.de/10012469306
Why is agricultural productivity so low in poor countries relative to the rest of the world? Is it due to geography or … constrained economic choices? We assess the quantitative role of geography and land quality for agricultural productivity … geographic regions, we find that low agricultural productivity in poor countries is not due to poor land endowments. If countries …
Persistent link: https://www.econbiz.de/10012453184