| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP16927
|
| 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
|
| URL | https://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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