全球智库信息集成服务系统(G2TT): DP12821 Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12821
	DP12821 Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions
	Jan Svejnar; Debora Revoltella; Yuriy Gorodnichenko; Christoph Weiss
发表日期	2018-03-26
出版年	2018
语种	英语
摘要	Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and countries would raise EU GDP by at least 25 percent. Firm characteristics, such as demographics, quality of inputs, utilization of resources, and dynamic adjustment of inputs, are predictors of the marginal products of capital and labor. We emphasize that some firm characteristics may reflect compensating differentials rather than constraints and the effect of constraints on the dispersion of marginal products may hence be smaller than has been assumed in the literature. We also show that cross-country differences in the dispersion of marginal products are more due to differences in how the business, institutional and policy environment translates firm characteristics into outcomes than to the differences in firm characteristics per se.
主题	Industrial Organization ; Labour Economics ; Macroeconomics and Growth
关键词	Marginal products Resource allocation Firm-specific factors Economic growth
URL	https://cepr.org/publications/dp12821
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/541631
推荐引用方式 GB/T 7714	Jan Svejnar,Debora Revoltella,Yuriy Gorodnichenko,et al. DP12821 Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions. 2018.