We propose a theory linking imperfect information to resource misallocation and hence to aggregate productivity and … US, China, and India reveals substantial losses in productivity and output due to the informational friction. Our … estimates for these losses range from 7-10% for productivity and 10-14% for output in China and India, and are smaller, though …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

We build a model of firm-level innovation, productivity growth and reallocation featuring endogenous entry and exit. A …

Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and …

productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through …

relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings …. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through balanced panel …

productivities, and savings. We estimate our models using the FE, GMM estimators, and long difference OLS and IV estimation through …