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Misallocation, Economic Growth, and Input-Output Economics
Jones, Charles I. - 2011
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10013130964
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Productivity and Misallocation in General Equilibrium
Baqaee, David - 2017
This paper develops a general theory of aggregation in inefficient economies. We provide non-parametric formulas for …
Persistent link: https://www.econbiz.de/10012943616
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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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Land Misallocation and Productivity
Restuccia, Diego - 2017
, we measure total factor productivity (TFP) for farms controlling for land quality, rain, and other transitory shocks. We …
Persistent link: https://www.econbiz.de/10012963746
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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 … to bound the effect of changes in misallocation on treated industries' aggregate productivity. Treated industries' Solow …
Persistent link: https://www.econbiz.de/10013406827
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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 … productivity (TFP). In our framework, the correlation between firm size and borrowing costs has no bearing on TFP losses under the …
Persistent link: https://www.econbiz.de/10013097772
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From “Made in China” to “Innovated in China” : Necessity, Prospect, and Challenges
Wei, Shang-Jin - 2016
on its ability to generate productivity increase, and domestic innovation will be an important part of it. In this paper …
Persistent link: https://www.econbiz.de/10012978531
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Misallocation Under Trade Liberalization
Bai, Yan - 2019
distributions. Using Chinese manufacturing data for the period 1998-2007, we show that welfare gains and productivity have …
Persistent link: https://www.econbiz.de/10012863704
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The Sources of Capital Misallocation
David, Joel - 2017
fraction of the dispersion, which stems largely from other factors: a component correlated with productivity and a fixed effect …
Persistent link: https://www.econbiz.de/10012963745
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Intangible Investment and Firm Performance
Chappell, Nathan - 2018
not with higher productivity or profitability. The evidence suggests that intangible investment is associated with growth … and 'soft' performance objectives, but not with productivity or profitability …
Persistent link: https://www.econbiz.de/10012925908