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Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
One of the most important developments in the growth literature of the last decade is the enhanced appreciation of the role that the misallocation of resources plays in helping us understand income differences across countries. Misallocation at the micro level typically reduces total factor...
Persistent link: https://www.econbiz.de/10013130964
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The Sources of Capital Misallocation
David, Joel - 2017
We develop a methodology to disentangle sources of capital ‘misallocation', i.e. dispersion in value-added/capital. It measures the contributions of technological/informational frictions and a rich class of firm-specific factors. An application to Chinese manufacturing firms reveals that...
Persistent link: https://www.econbiz.de/10012963745
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Land Misallocation and Productivity
Restuccia, Diego - 2017
. The aggregate agricultural output gain from a reallocation of factors to their efficient use among existing farmers is a … allocated by village chiefs and not marketed. In particular, the output gain from reallocation are 2.6 times larger for farms …
Persistent link: https://www.econbiz.de/10012963746
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Intangible Investment and Firm Performance
Chappell, Nathan - 2018
We combine survey and administrative data for about 13,000 New Zealand firms from 2005 to 2013 to study intangible investment and firm performance. We find that firm size and moderate competition is associated with higher intangible investment, while firm age is associated with lower intangible...
Persistent link: https://www.econbiz.de/10012925908
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Heterogeneity, Measurement Error and Misallocation : Evidence from African Agriculture
Gollin, Douglas - 2019
previous estimates, we suggest that the potential for efficiency gains through reallocation of land across farms and farmers …
Persistent link: https://www.econbiz.de/10012895000
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Production Flexibility, Misallocation and Total Factor Productivity
Uras, Burak - 2017
Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation...
Persistent link: https://www.econbiz.de/10012944639
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Misallocation and Capital Market Integration : Evidence from India
Bau, Natalie; Matray, Adrien - 2022
We show that foreign capital liberalization reduces capital misallocation and increases aggregate productivity in India. The staggered liberalization of access to foreign capital across disaggregated industries allows us to identify changes in firms' input wedges, overcoming major challenges in...
Persistent link: https://www.econbiz.de/10013406827
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Productivity, Output, and Failure : A Comparison of Taiwanese and Korean Manufacturers
Aw, Bee Yan - 2012
Industry cost and demand conditions can vary across countries leading to differences in industry market structure, including the distribution of output and productivity across firms and the magnitude of entry and exit flows. It has been argued that despite many outward similarities, two of the...
Persistent link: https://www.econbiz.de/10013114763
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Selection and Market Reallocation : Productivity Gains from Multinational Production
Alfaro, Laura - 2012
emphasized explanation is between-firm selection and market reallocation, whereby competition from multinationals leads to factor … reallocation and the survival of only the most productive domestic firms. We investigate the roles of the two different mechanisms …-firm selection and market reallocation raise the left truncation of the distributions and shift revenue leftward. Using a rich cross …
Persistent link: https://www.econbiz.de/10013104061
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Networked FDI : Sales and Sourcing Patterns of Japanese Foreign Affiliates
Baldwin, Richard - 2012
This paper applies a novel empirical approach to characterising the horizontal-ness and vertical-ness of affiliates based on Yeaple's complex FDI concept. In its simplest form, horizontal-ness is measured as affiliates' local sales share while their vertical-ness is measures as their share of...
Persistent link: https://www.econbiz.de/10013106310