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The Chilean economy experienced a decade of sustained growth in aggregate out-put and productivity after the 1982 … financial crisis. This paper analyzes the effects of resource misallocation on total factor productivity (TFP) of the …
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factor revenue productivity across firms within an industry could have boosted valued-added 48 percent and 79 percent above …
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We examine how the productivity of different industries changes over the course of a financial crisis by exploiting … cross firm, within industry differences in productivity resulting from the Asian financial crisis of 1997. We show that the … crisis coincided with dramatic changes in productivity patterns within the manufacturing sector and that many of these …
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