| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12727 |
| DP12727 Misallocation: Markups and Technology | |
| Christian Bayer; Matthias Meier | |
| 发表日期 | 2018-02-16 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | The seminal paper by Hsieh and Klenow (2009) shows that aggregate TFP losses from misallocation are large, that misallocation is important in explaining international TFP differences, and that these losses can be quantified through factor productivity dispersions. Using micro data from Chile, Colombia, Indonesia, and Germany, we show that there is substantial correlation in factor productivities across factors and therefore propose to decompose dispersion in factor productivities in dispersion in technology and markup instead, which are orthogonal to each other. Relative to Germany, misallocation is larger in the developing economies and the TFP losses from misallocation are explained to 1/3 by larger technology and to 2/3 by larger markup dispersion. Finally, we discuss potential sources of markup and technology dispersion and how they can rationalize the observed dispersions as market outcomes. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Productivity Development Misallocation Competition |
| URL | https://cepr.org/publications/dp12727-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541538 |
| 推荐引用方式 GB/T 7714 | Christian Bayer,Matthias Meier. DP12727 Misallocation: Markups and Technology. 2018. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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