endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …

We consider a tractable model of heterogeneous production units that features endogenous entry and productivity … standard factor misallocation framework, policy distortions featuring a positive productivity elasticity of distortions imply … larger reductions in output through smaller investments in establishment productivity. A calibrated version of the model …

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 …