be imputed to two types of talent allocation frictions, labor market discrimination, and human capital accumulation … barriers. The calibrated model indicates that the two types of talent allocation frictions can explain a significant proportion …

The paper analyzes the link between human capital and firm-level productivity in five Asian countries. It draws on a … productivity. The productivity of small and medium-sized enterprises (SMEs) is enhanced by a higher level of skills and education …

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 …

firms from establishing in large cities where they can benefit from agglomeration forces and access to higher productivity …

firms and confirms the inadequate allocation of resources to high-productivity firms. This misallocation is only partially …This paper quantifies the degree of factor misallocation across the productivity spectrum of Chinese manufacturing … proxied by private versus state ownership status. The so-called productivity-correlated distortions feature a pronounced …