We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and … US, China, and India reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and India, and are smaller, though …

at the micro level typically reduces total factor productivity at the macro level. Quantifying these effects is leading …

relationship to both (i) institutional constraints, and (ii) productivity …

Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing …

factor allocation and factor prices in economies with a large number of goods and factors. The main results of our paper …

such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number …

efficiency-based productivity growth rates to exceed observed productivity growth in the slowdown period of 1974 - 1995 …

productivity growth. The two major methods used in measuring productivity growth -- index number and econometric estimation …, infrastructure capital, allocative distortions, nature of the market structure and technological advancement on productivity growth … estimate the contribution of different inputs to productivity growth are described and the evaluation of the production process …

end-of-period stocks. We also derive measures of productivity and capacity utilization for the adopted modeling framework …