Bhattacharya, Dhritiman - 2011
cycle of managers. We calibrate this model to U.S plant-size data to quantify the effects of distortions that are correlated … with the size of production units. These distortions lead to sharp reductions in plant productivity and the fraction of … quite well for properties of Japanese size-distribution data, with a model-implied TFP of about 83% of the U.S. Distortions …