G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16927
DP16927 Occupational Choice and Misallocation in Production Network Economies
Tiago Cavalcanti
发表日期2022-01-18
出版年2022
语种英语
摘要This paper investigates how sectoral linkages amplify or diminish misallocation at the intensive and extensive margins. Our analysis is based on a multisector general equilibrium model with input-output linkages, heterogeneous entrepreneurial abilities, and endogenous occupational choice. Distortions misallocate the intensive use of production inputs, but they also affect productivity through two additional wedges: a “labor-entrepreneurship” wedge, which misallocates agents between entrepreneurship and the labor force; and a “between- sector” wedge, which misallocates entrepreneurs among the different sectors. When the most distorted sectors are upstream (downstream), input-output linkages amplify (dimin- ish) the loss from the misallocation of entrepreneurs. We calibrate the model to the US and quantify the output losses from distortions, decomposing the role of networks and the ex- tensive margin decisions. We study an entry subsidy program, showing that it should target sectors with large profit losses, even if they are not necessarily the most distorted.
主题Macroeconomics and Growth
关键词Distortions Firm entry Production network Aggregate misallocation
URLhttps://cepr.org/publications/dp16927
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/545864
推荐引用方式
GB/T 7714
Tiago Cavalcanti. DP16927 Occupational Choice and Misallocation in Production Network Economies. 2022.
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