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~institution:"National Bureau of Economic Research"
~person:"David, Joel M."
~subject:"Estimation"
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Information, Misallocation and Aggregate Productivity
David, Joel M.
-
2014
US, China, and
India
reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and
India
, and are smaller, though …
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