the misallocation of production function has contributed to the weakness in productivity. Factors behind this … misallocation of production factors on productivity and assess their role for the weakness in productivity growth in Germany … productivity growth is damped due to the misallocation of production factors is increasing. …

We develop a theory linking "misallocation," i.e., dispersion in marginal products of capital (MPK), to macroeconomic … productivity by as much as 6%, suggesting large "productivity costs" of business cycles. …

misallocation in agriculture during the period between 2006 and 2016. Despite rapid growth in agricultural productivity and a … reallocation of factor inputs to more productive farmers, we find that misallocation across farmers remains high and increased … productivity over time. Our analysis also reveals important differences between the north and south regions. …