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Growth of the Korean economy has been sluggish, and this situation is more pronounced in the service sector. We argue that capital misallocation, especially in the service sector, could contribute to this slowdown. Utilizing firm and sectoral level data, first we assess the rising dispersion of...
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the effects of temperature on firm-level total factor productivity (TFP), factor inputs, and output. We detect an inverted …
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This paper attempts to distinguish and estimate the direct and indirect effects of infrastructure on firm productivity … large-scale firm-level survey data from the People's Republic of China (PRC). Major findings include: (1) all the three … kinds of infrastructure - road, telecommunication servers, and cable - are found to directly promote firm productivity; (2 …
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