Narrow search
Showing 1 - 10 of 286
Cover Image
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
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 …
Persistent link: https://www.econbiz.de/10013097772
Cover Image
Land Misallocation and Productivity
Restuccia, Diego - 2017
Using detailed household-level data from Malawi on physical quantities of outputs and inputs in agricultural production, we measure total factor productivity (TFP) for farms controlling for land quality, rain, and other transitory shocks. We find that operated land size and capital are...
Persistent link: https://www.econbiz.de/10012963746
Cover Image
Misallocation Under Trade Liberalization
Bai, Yan - 2019
This paper formalizes a classic idea that in second-best environments trade can induce welfare losses. In a framework that incorporates distortion wedges into a Melitz model, we analyze a channel in which trade can reduce allocative efficiency arising from the reallocation of resources. A key...
Persistent link: https://www.econbiz.de/10012863704
Cover Image
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
Cover Image
On Average Establishment Size Across Sectors and Countriesy
Bento, Pedro - 2018
of sources. Establishments are larger in manufacturing than in services, and in each sector they are larger in richer …
Persistent link: https://www.econbiz.de/10012911722
Cover Image
Service Offshoring and Productivity : Evidence from the United States
Amiti, Mary; Amiti, Mary; Wei, Shang-Jin - 2021
have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10013249187
Cover Image
Services in the Domestic Economy and in World Transactions
Kravis, Irving B. - 2021
A new interest in the role of services in world transactions has been generated by the current efforts of the U. S …. Government to reduce barriers to international trade in services.The paper distinguishes four different classifications of … economic activities between services and corrmodities. Service industries -- those producing non-storable outputs -- have been …
Persistent link: https://www.econbiz.de/10013249709
Cover Image
Valuation, Adverse Selection, and Market Collapses
Fishman, Michael J. - 2012
We study a market for funding real investment in which valuation creates information on which adverse selection can occur. Unlike in previous models, higher amounts of valuation are associated with lower market prices and so greater returns to valuation, and this strategic complementarity in the...
Persistent link: https://www.econbiz.de/10013100990
Cover Image
Energy Efficiency Economics and Policy
Gillingham, Kenneth - 2014
Energy efficiency and conservation are considered key means for reducing greenhouse gas emissions and achieving other energy policy goals, but associated market behavior and policy responses have engendered debates in the economic literature. We review economic concepts underlying consumer...
Persistent link: https://www.econbiz.de/10013071110