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) definition of aggregate productivity growth, which aggregates plant-level changes to changes in aggregate final demand in the … technologies, one for each 4-digit SIC code. On average we find positive aggregate productivity growth of 2.2% in this sector … for both the theoretical literature on growth and alternative indexes of aggregate productivity growth based only on …
Persistent link: https://www.econbiz.de/10012461957
Effective dispute resolution is important for reducing private and social costs. We study how resolution responds to … social costs …
Persistent link: https://www.econbiz.de/10012456592
This paper develops an index of allocative efficiency that depends upon the distribution of mark-ups across goods. It determines how changes in trade frictions affect allocative efficiency in an oligopoly model of international trade, decomposing the effect into the cost-change channel and the...
Persistent link: https://www.econbiz.de/10012459387
I explore the effects of education on nonmarket outcomes from both theoretical and empirical perspectives. Examples of outcomes considered include general consumption patterns at a moment in time, savings and the rate of growth of consumption over time, own (adult) health and inputs into the...
Persistent link: https://www.econbiz.de/10012467095
. Farmers responded to the shrinking transportation wedge and rising revenue productivity by rapidly expanding the area under …
Persistent link: https://www.econbiz.de/10012463129
-level panel data to assess the effect of distortions in land rental markets on agricultural productivity. We provide empirical … rentals have substantial positive effects on agricultural productivity: an efficient reallocation of land increases … agricultural productivity by 38 percent on average and by more than 50 percent in states with highly distorted rental markets. Both …
Persistent link: https://www.econbiz.de/10012660041
these facts in light of several prominent theories of development such as entry costs and misallocation. We then quantify … the sectoral and aggregate impact of entry costs and misallocation in an otherwise standard two-sector model with … endogenous firm entry, firm-level productivity, and sectoral employment shares. We find that observed measures of misallocation …
Persistent link: https://www.econbiz.de/10012480621
at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …
Persistent link: https://www.econbiz.de/10012461916
We study a model of industry dynamics in which idiosyncratic risk is uninsurable and establishments are subject to a financing constraint. We ask: does the model, when parameterized to match salient characteristics of plant-level data (Colombia and South Korea), predict large aggregate TFP...
Persistent link: https://www.econbiz.de/10012463003
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10012464538