misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a … productivity over time. Our analysis also reveals important differences between the north and south regions. …We examine important changes in agriculture in Viet Nam in the context of ongoing structural changes in the economy. We …

North on farm choices and agricultural productivity. We find that the higher distortions in north Vietnam reduce … agricultural productivity by 46%, accounting for around 70% of the observed 2.5-fold difference between regions. Moreover, two …-enhancing investment, which more than doubles the productivity loss from factor misallocation …

the micro forces that matter for aggregate productivity growth focusing on six issues: costs to reallocating labour and … capital, the influence of firm ownership and political connections, informality, the allocation of talent across the economy … for macro productivity and addressing them requires a wide combination of policies. …

We develop a theory linking "misallocation," i.e., dispersion in marginal products of capital (MPK), to macroeconomic … productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …