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Misallocation of debt and aggregate productivity

Kim, Hwagyun; Mathur, Vipul; Shin, Jong Kook; … - In: The journal of corporate finance : contracting, … 83 (2023), pp. 1-21

Persistent link: https://www.econbiz.de/10014513161

Misallocation and markups : evidence from Indian manufacturing

Liang, Yan - In: Review of economic dynamics 51 (2023), pp. 161-176

Persistent link: https://www.econbiz.de/10014471801

Productivity and Misallocation in General Equilibrium

Baqaee, David - 2017

This paper develops a general theory of aggregation in inefficient economies. We provide non-parametric formulas for …

Persistent link: https://www.econbiz.de/10012943616

Do Firms Mitigate or Magnify Capital Misallocation? Evidence from Plant-Level Data

Kehrig, Matthias - 2017

Almost two thirds of the cross-plant dispersion in marginal revenue products of capital occurs across plants within the same firm rather than between firms. Even though firms allocate investment very differently across their plants, they do not equalize marginal revenue products across their...

Persistent link: https://www.econbiz.de/10012970041

Productivity and Misallocation in General Equilibrium

Baqaee, David Rezza - 2017

We provide a general non-parametric formula for aggregating microeconomic shocks in general equilibrium economies with distortions such as taxes, markups, frictions to resource reallocation, and nominal rigidities. We show that the macroeconomic impact of a shock can be boiled down into two...

Persistent link: https://www.econbiz.de/10012453706

Measuring trends and persistence in capital and labor misallocation

Bun, Maurice J. G.; Winter, Jasper de - 2019

Persistent link: https://www.econbiz.de/10012019370

Corporate financial structure, misallocation and total factor productivity

Uras, Burak - In: Journal of banking & finance 39 (2014), pp. 177-191

Persistent link: https://www.econbiz.de/10010340749

Production Flexibility, Misallocation and Total Factor Productivity

Uras, Burak - 2017

Economy-wide institutional deficiencies causing factor misallocation have been emphasized as essential determinants of aggregate TFP differences. This paper argues that production flexibility at the micro-level is an economic characteristic that should be given priority in TFP aggregation...

Persistent link: https://www.econbiz.de/10012944639

Stagnant Wages, Sectoral Misallocation and Slowing Productivity Growth

Schmöller, Michaela - 2019

hiring costs to analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My … their labor allocation on aggregate growth. Subsidies to high-productivity sector production can alleviate welfare losses …I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and sector-specific, nonlinear …

Persistent link: https://www.econbiz.de/10012870989

Markups and Misallocation with Trade and Heterogeneous Firms

Weinberger, Ariel - 2017

allocative efficiency because firms pass-through measured productivity gains into markups. From industry-year variation, there is …

Persistent link: https://www.econbiz.de/10012970227