pressures, the efficiency of resource allocation and productivity growth. We show that product market regulations differ across … important role in driving resource allocation and productivity outcomes. Countries and industries where direct and indirect … regulatory burdens are lighter have generally experienced the highest GDP per capita and productivity growth rates. Moreover …

Inefficient allocation of production across heterogeneous firms is a major source of welfare loss, but frameworks …-produce in the market allocation relative to the efficient allocation. We estimate our model across Chilean industries and find …

allocative efficiency because firms pass-through measured productivity gains into markups. From industry-year variation, there is …

the efficient allocation of resources across firms. I document that a higher availability of credit leads to a decline in …

their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …

reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these … patterns by studying changes in productivity growth from the late 1990s to the mid 2000s using firm-level data. We find that … diminished allocative efficiency gains can account for the productivity slowdown in a manner that interacts with the within …

dispersion in revenue productivity should not be dismissed as mere artifacts of misspecification or measurement errors …

their productivity and net worth and face collateral constraints that cause capital misallocation. TFP endogenously depends … equilibrium, general-equilibrium effects overturn this result: a monetary expansion increases the investment of high-productivity … firms relatively more than that of low-productivity ones, crowding out the latter and increasing TFP. We provide empirical …