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 …

We assess the effects of a major land policy change on farm size and agricultural productivity using a quantitative … can reduce agricultural productivity not only by misallocating resources across farmers but also by distorting farmers … impact the land reform reduces average farm size by 34% and agricultural productivity by 17%. The government assignment of …

dynamism, may explain the observed productivity slowdown. We consider the role of nonemployers, businesses without paid … employees, in business dynamism and aggregate productivity. Despite the decline in the growth of employer firms, the total … average annual growth of aggregate productivity of 0.26-0.39%, over one quarter of the productivity growth in the data …

We revisit the long-standing empirical evidence of an inverse relationship between farm size and productivity using … in the literature, but positively related to farm productivity (a farm-specific component of total factor productivity … evaluating the role of farm-specific distortions. Our findings point to the limited value of yields (or land productivity) in …

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 …

productivity. These effects are nonlinear across farms--impacting more those farms farther away from their efficient operational … scale. The effect of land rentals on productivity is 70 percent larger when controlling for non-market rentals--those with a …

The relative price of services rises with development. A standard interpretation of this fact is that productivity …-country income elasticity of sectoral productivity is large in non-traditional services (1.14), smaller in manufacturing (1.06) and … aggregate productivity and that the input-output structure is important in this assessment …

in productivity are a dominant source of these differences. But what accounts for productivity differences across … as follows. Misallocation appears to be a substantial channel in accounting for productivity differences across countries … static cost of misallocation, we believe that the dynamic effects of misallocation on productivity growth are significant and …