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Misallocation in firm production : a nonparametric analysis using procurement lotteries

Carrillo, Paul E.; Donaldson, Dave; Pomeranz, Dina; … - 2023

How costly is the misallocation of production that we might expect to result from distortions such as market power …, incomplete contracts, taxes, regulations, or corruption? This paper develops new tools for the study of misallocation that place … misallocation and to quantify the welfare losses that it causes. We then consider an application in which thousands of firms …

Persistent link: https://www.econbiz.de/10014292143

Misallocation and capital market integration : evidence from India

Bau, Natalie; Matray, Adrien - In: Econometrica : journal of the Econometric Society, an … 91 (2023) 1, pp. 67-106

Persistent link: https://www.econbiz.de/10014309598

Decomposing aggregate productivity

Pancost, N. Aaron; Yeh, Chen - 2022

Persistent link: https://www.econbiz.de/10013380428

The efficiency of human capital allocations in developing countries

Vollrath, Dietrich - In: Journal of Development Economics 108 (2014) C, pp. 106-118

For a set of 14 developing countries I evaluate whether differences in wage gaps between sectors – estimated from individual-level wage data – have meaningful effects on aggregate productivity. Under the most generous assumptions regarding the homogeneity of human capital, my analysis shows...

Persistent link: https://www.econbiz.de/10010777142

The Efficiency of Human Capital Allocations in Developing Countries

Vollrath, Dietrich - Department of Economics, University of Houston - 2013

For a set of 14 developing countries I evaluate whether differences in the marginal product of human capital between sectors - estimated from individual-level wage data - have meaningful effects on aggregate productivity. Under the most generous assumptions regarding the homogeneity of human...

Persistent link: https://www.econbiz.de/10010631529

Financial frictions, financial market development, and macroeconomic development

Kaboski, Joseph Paul - In: Oxford development studies 51 (2023) 4, pp. 397-416

Persistent link: https://www.econbiz.de/10015051402

What to make of the Kaldor-Verdoorn law?

Basu, Deepankar; Budhiraja, Manya - 2020

The Kaldor-Verdoorn law refers to a positive but less than one-for-one relationship between the growth rates of output and labor productivity, with causality running from the former to the latter. Empirical research has affirmed such a relationship and have found that the Kaldor-Verdoorn...

Persistent link: https://www.econbiz.de/10012388915

What to make of the Kaldor-Verdoorn law?

Basu, Deepankar; Budhiraja, Manya - 2020

Persistent link: https://www.econbiz.de/10012216005

Statistics and Economics, Stress on Construction

Paunić, Alida - Volkswirtschaftliche Fakultät, … - 2013

Impact of 2008 crises was visible in the whole world: GDP shrank; unemployment rose and many debts could not be paid. Crises in Croatia, unlike many other EU economies, prolonged although new political steps followed such as becoming a new EU member and getting a bigger opportunities. Paper...

Persistent link: https://www.econbiz.de/10011260511

Growth with a Fixed Factor

Luttmer, Erzo G. J. - Department of Economics, University of Minnesota - 2012

Consider an economy in which a fixed supply of unskilled labor can be combined with knowledge capital to produce consumption. The technology for accumulating knowledge capital is linear in knowledge capital. This leads to long-term growth if the production function for consumption goods is...

Persistent link: https://www.econbiz.de/10009399396