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On the Measure of Distortions
Hopenhayn, Hugo A. - National Bureau of Economic Research (NBER) - 2014
Abstract The paper considers formally the mapping from distortions in the allocations of resources across firms to aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment-weighted measure of distortions. Size related...
Persistent link: https://www.econbiz.de/10010890103
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The Role Of Intangible Capital in the Transformation and Growth of the Chinese Economy
Hulten, Charles R.; Hao, Janet X. - National Bureau of Economic Research (NBER) - 2012
. This evidence suggests that intangible capital formation may play an important role in China's reform-driven transformation … no general assessment of its role in China's rapid economic growth. This paper seeks to fill this gap by estimating how … China's recent growth is then assessed using a growth accounting framework, and the results compared to similar findings for …
Persistent link: https://www.econbiz.de/10010950989
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The Missing "Missing Middle"
Olken, Benjamin; Hsieh, Chang-Tai - National Bureau of Economic Research (NBER) - 2014
Although a large literature seeks to explain the "missing middle" of mid-sized firms in developing countries, there is surprisingly little empirical backing for existence of the missing middle. Using microdata on the full distribution of both formal and informal sector manufacturing firms in...
Persistent link: https://www.econbiz.de/10010951306
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What Do We Learn From Schumpeterian Growth Theory?
Howitt, Peter; Aghion, Philippe; Akcigit, Ufuk - National Bureau of Economic Research (NBER) - 2013
Schumpeterian growth theory has "operationalized" Schumpeter''s notion of creative destruction by developing models based on this concept. These models shed light on several aspects of the growth process which could not be properly addressed by alternative theories. In this survey, we focus on...
Persistent link: https://www.econbiz.de/10010951386
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Trying to Understand the PPPs in ICP2011: Why are the Results so Different?
Deaton, Angus; Aten, Bettina - National Bureau of Economic Research (NBER) - 2014
Purchasing power parity exchange rates, or PPPs, are price indexes that summarize prices in each country relative to a numeraire country, typically the United States. These numbers are used to compare living standards across countries, by academics in studies of economic growth, particularly...
Persistent link: https://www.econbiz.de/10011268048
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Information, Misallocation and Aggregate Productivity
Hopenhayn, Hugo A.; David, Joel M.; Venkateswaran, Venky - National Bureau of Economic Research (NBER) - 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 …
Persistent link: https://www.econbiz.de/10010812154
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Misallocation and Manufacturing TFP in China and India
Hsieh, Chang-Tai; Klenow, Peter J. - National Bureau of Economic Research (NBER) - 2007
establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and ….S., we calculate manufacturing TFP gains of 30-50% in China and 40-60% in India. …
Persistent link: https://www.econbiz.de/10005718194
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Why Development Levels Differ: The Sources of Differential Economic Growth in a Panel of High and Low Income Countries
Hulten, Charles R.; Isaksson, Anders - National Bureau of Economic Research (NBER) - 2007
Average income per capita in the countries of the OECD was more than 20 times larger in 2000 than that of the poorest countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have even regressed in recent years. At the same time,...
Persistent link: https://www.econbiz.de/10005830287
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The Anatomy of Start-Stop Growth
Olken, Benjamin; Jones, Benjamin F. - National Bureau of Economic Research (NBER) - 2005
This paper investigates the remarkable extremes of growth experiences within countries and examines the changes that occur when growth starts and stops. We find three main results. First, all but the very richest countries experience both growth miracles and failures over substantial periods....
Persistent link: https://www.econbiz.de/10005061599
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Indian Manufacturing Industry: Elephant or Tiger? New Evidence on the Asian Miracle
Hulten, Charles R.; Srinivasan, Sylaja - National Bureau of Economic Research (NBER) - 1999
We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was...
Persistent link: https://www.econbiz.de/10005580810