Showing 1 - 5 of 5
Persistent link: https://www.econbiz.de/10011627988
Persistent link: https://www.econbiz.de/10014364375
Capital reallocation between firms is procyclical and leads to variations in measured aggregate productivity. In this paper, we ask how much of the cyclical variation in measured productivity is the consequence of capital reallocation. We build a heterogeneous-firm model to study the effects of...
Persistent link: https://www.econbiz.de/10014496527
Persistent link: https://www.econbiz.de/10014447813
Persistent link: https://www.econbiz.de/10013470134