This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency …, from 1970 to 2014, to quantify the extent of productive misallocation attributable to market power exerted by the OPEC. We …

Measures of institutional quality are strong predictors of cross-country differences in income and productivity. The …, family management and financial frictions on input misallocation across firms using a unique dataset that combines firm …

productivity investment. The model connects small operational scales to the prevalence in poor countries of correlated distortions … (the elasticity between wedges and establishment productivity). The model also rationalizes the finding in poor countries … of low establishment-level productivity and low aggregate productivity investment. A calibrated version of the model …

productivity (TFP). This article summarises the evidence on the importance of resource allocation across productive units in …

Using detailed household-farm level data from Malawi, we measure real farm total factor productivity (TFP) controlling … are essentially unrelated to farm TFP implying a strong negative effect on agricultural productivity. A reallocation of … factors to their efficient use among existing farmers would increase agricultural productivity by a factor of 3.6-fold. We …

-liberalization quota allocation is not based on firm productivity. Removing this misallocation accounts for a substantial share of the … overall productivity gains associated with the quota removal. …