We propose a sectoral–shift theory of aggregate factor productivity for a class of economies with AK technologies …–adjusted equity yields across sectors. Economy–wide factor productivity and the aggregate growth rate are both negatively correlated …

such models in analyzing the production structure, the determinants of variable and quasi-fixed factors, and productivity … growth. The paper also discusses the traditional approach to productivity analysis based on the Divisia index number …

Economists typically model a plant's productivity as an exogenous characteristic, but the people who run and work at … manufacturing plants make choices, at a cost, that affect plant productivity. I develop a method to partially identify the … productivity distribution when such choices determine productivity. The method uses a monotone comparative static result I prove in …

Firm heterogeneity and the allocation of resources across firms play a key role in determining aggregate productivity …. Entry barriers and misallocation can substantially impact productivity, as evidenced in recent work. This article provides a …

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 …