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 …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … misallocation in a model where establishment-level productivity is endogenous and responds to the same policy distortions that … units (static effect), but also create disincentives for productivity improvement (dynamic effect) thereby affecting the …

We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general …-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only … generate static factor misallocation, but also a worsening of the productivity distribution contributing to large aggregate TFP …

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 quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general …-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only … generate static factor misallocation, but also a worsening of the productivity distribution contributing to large aggregate TFP …

What accounts for income per capita and total factor productivity (TFP) differences across countries? We study resource … misallocation across heterogeneous production units in a general equilibrium model where establishment productivity and size are … feature higher establishment lifespan which amplifies the negative effect of distortions on productivity and establishment …