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Productivity dynamics in the great stagnation : evidence from British businesses
Riley, Rebecca R.; Rosazza Bondibene, Chiara; Young, Garry - 2014 - This draft: 30 May 2014
Persistent link: https://www.econbiz.de/10012170235
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Markups and Misallocation with Trade and Heterogeneous Firms
Weinberger, Ariel - 2017
towards production. This paper quantifies a gains from trade component that is present only when reallocation is properly …
Persistent link: https://www.econbiz.de/10012970227
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Institutions and Resource Misallocation : Firm-level Evidence
Pellegrino, Bruno - 2019
Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The institutional economics literature has long maintained that one way institutions influence economic growth is by impacting the efficient allocation of production factors across...
Persistent link: https://www.econbiz.de/10012900823
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Misallocation and Manufacturing TFP in Korea, 1982-2007
Kim, Minho; Oh, Jiyoon; Shin, Yongseok - 2019
The authors apply the analysis of Hsieh and Klenow (2009) to assess the degree of resource misallocation in the Republic of Korea manufacturing sector from 1982 to 2007. They find improvement in the aggregate allocative efficiency during the first decade and a strong reversal after 1992. This...
Persistent link: https://www.econbiz.de/10014121862
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Risk-adjusted capital allocation and misallocation
David, Joel M.; Schmid, Lukas; Zeke, David - 2020
We develop a theory linking "misallocation," i.e., dispersion in marginal products of capital (MPK), to macroeconomic risk. Dispersion in MPK depends on (i) heterogeneity in firm-level risk premia and (ii) the price of risk, and thus is countercyclical. We document strong empirical support for...
Persistent link: https://www.econbiz.de/10012395487
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The importance of reallocation for productivity growth : evidence from European and US banking
Bos, Jaap W. B.; Santen, Peter C. van - 2015
To what extent has input reallocation contributed to aggregate productivity growth in the banking sectors of Europe and … share, in particular in the US. The pattern of reallocation is markedly different between the geographical regions: European … productivity has grown by reallocating inputs through the first half of the sample period, at the same time when reallocation …
Persistent link: https://www.econbiz.de/10010486867
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The UK's great demand and supply recession
Jacob, Nick; Mion, Giordano - 2020
We revisit UK's poor productivity performance since the Great Recession by means of both a suitable theoretical framework and firm-level prices and quantities data for detailed products allowing us to both measure demand, and its changes over time, and distinguish between quantity total factor...
Persistent link: https://www.econbiz.de/10012387534
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Industrial Policy, Productivity and Zombie Firms
Huang, Shaoqing; Xie, Weisi; Xu, Xiaoshu - 2021
We analyze the causal impact of the industrial policy structure on the formation of zombie firms, using a rich data set of manufacturing firms in China between 1998 and 2007. We find that selective industrial policy schemes increase zombie shares in skill intensive sectors, because as subsidized...
Persistent link: https://www.econbiz.de/10013233829
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Declining dynamism, allocative efficiency, and the productivity slowdown
Decker, Ryan A.; Haltiwanger, John C.; Jarmin, Ronald S.; … - 2017
reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these …
Persistent link: https://www.econbiz.de/10011708266
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Misallocation and the Credit Cycle : Evidence from Europe
Franco, Guido - 2018
Using a large firm level dataset, that covers 18 European countries in the 2006-2014 period, I develop an empirical approach in the spirit of Rajan and Zingales (1998) in order to study whether and to what extent the credit cycle influences the efficient allocation of resources across firms. I...
Persistent link: https://www.econbiz.de/10012925009