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

) firm-specific factors. Applying this method to manufacturing firms in China reveals a modest role for adjustment costs and … uncertainty. A substantial fraction of the observed misallocation comes from other idiosyncratic factors, both productivity … account for a limited fraction of observed misallocation in China, but a potentially large share for US firms …

the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted …

Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing … establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we … measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and …

allocation and productivity. As a first step toward the fuller understanding of the effect of privatization, this study … and widely taking place in China, it is much less known whether and to what extent privatization has improved resource … economic growth in the 1980s. Our empirical results indicate that productivity was significantly enhanced by the recent …

aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment … productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on …

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 …We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and …

There are widespread differences in total factor productivity across producers in the U.S. and around the world. To … misallocation accounting for as much as 25 percent of the variation in hospital productivity, our results suggest that how the money … is spent, rather than how much money is spent, is central to understanding productivity differences both in health care …

Standard measures of productivity display enormous dispersion across farms in Africa. Crop yields and input intensities … appear to vary greatly, seemingly in conflict with a model of efficient allocation across farms. In this paper, we present a … account for a large fraction - as much as ninety percent -- of the dispersion in measured productivity. In contrast to some …