| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19012 |
| 来源ID | Working Paper 19012 |
| Exploring Reallocation's Apparent Weak Contribution to Growth | |
| Mitsukuni Nishida; Amil Petrin; Sašo Polanec | |
| 发表日期 | 2013-05-02 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured reallocation and strong within-plant productivity gains. We show these findings may be because BHC indices decompose ALP growth using plant-level output-per-labor (OL) as a proxy for the marginal product of labor and changes in OL as a proxy for changes in plant-level productivity. We provide simple examples to show that 1) reallocation growth from labor should track marginal changes in labor weighted by the marginal product of labor, 2) BHC reallocation growth can be positively correlated, negatively correlated, or uncorrelated with actual growth arising from the reallocation of inputs, and that 3) BHC indices can mistake growth from reallocation as growth from productivity, principally because OL is neither a perfect index of marginal products nor plant-level productivity. We then turn to micro-level data from Chile, Colombia, and Slovenia, and we find for the first two that BHC indices report weak or negative growth from labor reallocation. Using the reallocation definition based on marginal products we find a positive and robust role for labor reallocation in all three countries and a reduced role of plant-level technical efficiency in growth. We close by exploring potential corrections to the BHC decompositions but here we have limited success. |
| 主题 | Labor Economics ; Labor Supply and Demand ; Industrial Organization ; Industry Studies ; Development and Growth ; Growth and Productivity |
| URL | https://www.nber.org/papers/w19012 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576686 |
| 推荐引用方式 GB/T 7714 | Mitsukuni Nishida,Amil Petrin,Sašo Polanec. Exploring Reallocation's Apparent Weak Contribution to Growth. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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