Narrow search
Showing 1 - 10 of 379
Cover Image
Is There "Too Much" Inequality in Health Spending Across Income Groups?
Ales, Laurence G. - 2012
between health resources and income (taken as a proxy for productivity). In particular we determine the efficient level of the … get the same health care. Quantitatively, we find that the amount of inequality across the income distribution in the data … from about 2 (at age 25) to 1 at retirement. We find larger inefficiencies in the lower part of the income distribution and …
Persistent link: https://www.econbiz.de/10013108305
Cover Image
Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation …
Persistent link: https://www.econbiz.de/10013130964
Cover Image
Resource Allocation within Firms and Financial Market Dislocation : Evidence from Diversified Conglomerates
Matvos, Gregor - 2011
When external capital markets are stressed they may not reallocate resources between firms. We show that resource allocation within firms' internal capital markets provides an important force countervailing financial market dislocation. Using data on US conglomerates we empirically verify that...
Persistent link: https://www.econbiz.de/10013117120
Cover Image
Productivity Volatility and the Misallocation of Resources in Developing Economies
Collard-Wexler, Allan - 2011
dynamic process governing productivity shocks is a first-order determinant of differences in misallocation and, hence, income …
Persistent link: https://www.econbiz.de/10013122876
Cover Image
Capital and Labor Reallocation Inside Firms
Giroud, Xavier - 2012
We document how a plant-specific shock to investment opportunities at one plant of a firm ("treated plant") spills over to other plants of the same firm--but only if the firm is financially constrained. While the shock triggers an increase in investment and employment at the treated plant, this...
Persistent link: https://www.econbiz.de/10013096857
Cover Image
Misallocation and Financial Frictions : Some Direct Evidence from the Dispersion in Borrowing Costs
Gilchrist, Simon - 2012
Financial frictions distort the allocation of resources among productive units--all else equal, firms whose financing choices are affected by such frictions face higher borrowing costs than firms with ready access to capital markets. As a result, input choices may differ systematically across...
Persistent link: https://www.econbiz.de/10013097772
Cover Image
Slow Recoveries : A Structural Interpretation
Galí, Jordi - 2012
An analysis of the performance of GDP, employment and other labor market variables following the troughs in postwar U.S. business cycles points to much slower recoveries in the three most recent episodes, but does not reveal any significant change over time in the relation between GDP and...
Persistent link: https://www.econbiz.de/10013106308
Cover Image
Misallocation and Productivity Effects of the Smoot-Hawley Tariff
Bond, Eric W. - 2012
Using a newly created microeconomic archive of U.S. imports at the tariff-line level for 1930-33, we construct industry-level tariff wedges incorporating the input-output structure of U.S. economy and the heterogenous role of imports across sectors of the economy. We use these wedges to show...
Persistent link: https://www.econbiz.de/10013107018
Cover Image
Technological Innovation, Resource Allocation, and Growth
Kogan, Leonid - 2014
We propose a new measure of the economic importance of each innovation. Our measure uses newly collected data on patents issued to US firms in the 1926 to 2010 period, combined with the stock market response to news about patents. Our patent- level estimates of private economic value are...
Persistent link: https://www.econbiz.de/10013066798
Cover Image
Financial Frictions and the Persistence of History : A Quantitative Exploration
Buera, Francisco J. - 2014
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10013069222