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Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing … establishments to quantify the extent of this misallocation in China and India compared to the U.S. in recent years. Compared to the … in China and India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent …
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, and China and how productivity evolved at these plants from the mid-1990s to the early 2010s. The author’s participatory … Thailand and China -- 4. Conclusion. …This book, in contrast with previous research and popular discussions that focus on the productivity of workers …
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