| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13772 |
| DP13772 Good Dispersion, Bad Dispersion | |
| Matthias Kehrig; Nicolas Vincent | |
| 发表日期 | 2019-06-04 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Dispersion in marginal revenue products of inputs across plants is commonly thought to reflect misallocation, i.e., dispersion is "bad." We document that most dispersion occurs across plants within rather than between firms. In a model of multi-plant firms, we then show that dispersion can be "good": Eliminating frictions increases productivity dispersion and raises overall output. Based on this framework, we argue that in U.S. manufacturing, one-quarter of the total variance of revenue products reflects good dispersion. In contrast, we find that in emerging economies, almost all dispersion is bad and the gains from eliminating distortions are larger than previously thought. |
| 主题 | Industrial Organization ; Macroeconomics and Growth |
| 关键词 | Misallocation Productivity dispersion Multi-plant firms Internal capital markets |
| URL | https://cepr.org/publications/dp13772 |
| 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/542645 |
| 推荐引用方式 GB/T 7714 | Matthias Kehrig,Nicolas Vincent. DP13772 Good Dispersion, Bad Dispersion. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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