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We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and …
Persistent link: https://www.econbiz.de/10013050140
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and …
Persistent link: https://www.econbiz.de/10013032125
We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and …
Persistent link: https://www.econbiz.de/10012458327
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of the growth, and the role of the intensive versus extensive margin. Growth accounting exercises at the aggregate level (Rawski and Perkins, 2008; Bosworth and Collins, 2008) suggest an...
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Standard program evaluations implicitly assume that individuals are perfectly informed about the considered policy change and the related institutional rules. This seems not very plausible in many contexts, as diverse examples show. However, evidence on how incomplete information affects the...
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