Over the past decades, East Asia and Pacific's productivity has been gradually catching up with the frontier (the … United States), with China leading the pack. Productivity growth has been driven by sustained within-sector productivity … growth. Reallocation of labor to sectors with higher productivity, such as industry and services, also contributed to …

, we measure total factor productivity (TFP) for farms controlling for land quality, rain, and other transitory shocks. We …

activities amounts to a 22 percent decrease in aggregate productivity in the U.S …

We develop a theory linking “misallocation,” i.e., dispersion in static marginal products of capital (MPK), to … heterogeneity in firm-level risk premia and, more importantly, MPK. The theory predicts that cross-sectional dispersion in MPK (i … inefficient, lowers the average level of aggregate TFP by as much as 7%, suggesting large “productivity costs” of business cycles …

factor cost, we construct a new framework of productivity decomposition, and for the first time derive a “pure” reallocation …

, we measure total factor productivity (TFP) for farms controlling for land quality, rain, and other transitory shocks. We …

paper finds evidence of severe misallocation in which resources are diverted away from high-productivity firms toward low-productivity … reallocation of resources that equalizes marginal returns across firms would increase manufacturing productivity by 31.4 percent in …

heterogeneous firm model à la Melitz (2003). A tax-like distortion increases the productivity cutoff of an MP firm, and vice versa …