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 …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … in a general equilibrium model of establishment productivity where the distribution of productivity is characterized in … productivity improvement thereby altering the productivity distribution and equilibrium prices (dynamic effect), further lowering …

endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation … these facts in light of several prominent theories of development such as entry costs and misallocation. We then quantify … the sectoral and aggregate impact of entry costs and misallocation in an otherwise standard two-sector model with …

We assess the effects of land markets on misallocation and productivity by exploiting effective variation in land … increase agricultural productivity. Our evidence builds from an empirical difference-in-difference strategy and a calibrated …

The relative price of services rises with development. A standard interpretation of this fact is that productivity …-country income elasticity of sectoral productivity is large in non-traditional services (1.15), smaller in manufacturing (1.05) and … much smaller in traditional services (0.67). Eliminating cross-country productivity differences in non-traditional services …

A decline in the net entry rate of employer firms in the United States in the last decades, a decline in business … 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 …

We consider a tractable model of heterogeneous production units that features endogenous entry and productivity … misallocation model. Entry productivity investment and factor misallocation contribute equally to the reduction in output, whereas … the effect of lower life-cycle productivity growth is fully offset by increased entry and reduced productivity dispersion …

In this paper we show that the study of the farm size-productivity relationship hinges on the choice of productivity … measure. Our main insight is that using yields, a partial measure of productivity, may not be informative for the size-productivity … relationship because, in addition to total factor productivity, yields pick up input markets distortions and deviations from …