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This paper is a first attempt to connect the heterogeneity in bank efficiency with lending fluctuations and allocation …
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Factor misallocation has been emphasized as one of the main sources of differences in aggregate TFP. This paper investigates the empirical dynamics of both capital and labor misallocation. Exploiting a balanced firm-level panel dataset covering manufacturing and services industries in several...
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This paper is a first attempt to connect the heterogeneity in bank efficiency with lending fluctuations and allocation …
Persistent link: https://www.econbiz.de/10013061515
analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … equilibrium is not efficient as firms fail to internalize the effect of their individual labor allocation on aggregate growth …
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