Otsu, Keisuke; Saito, Masashi - In: Journal of Economic Dynamics and Control 37 (2013) 12, pp. 3044-3058
This paper constructs an estimated dynamic stochastic general equilibrium model to study the role of labor reallocation between production and organizational tasks within a firm in movements in measured TFP in Japan. Allocating more labor to organizational tasks strengthens the financial...