| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w20404
|
| 来源ID | Working Paper 20404
|
| On the Measure of Distortions |
| Hugo A. Hopenhayn
|
| 发表日期 | 2014-08-21
|
| 出版年 | 2014
|
| 语种 | 英语
|
| 摘要 | Abstract The paper considers formally the mapping from distortions in the allocations of resources across firms to aggregate productivity. TFP gaps are characterized as the integral of a strictly concave function with respect to an employment-weighted measure of distortions. Size related distortions are shown to correspond to a mean preserving spread of this measure, explaining the stronger effects on TFP found in the literature. In general, the effect of correlation between distortions and productivity is shown to be ambiguous; conditions are given to determine its sign. An empirical lower bound on distortions based on size distribution of firms is derived and analyzed, revealing that substantial rank reversals in firm size are necessary for distortions to explain large TFP gaps. The effect of curvature on the impact and measurement of distortions is also considered. |
| 主题 | Development and Growth
; Development
; Growth and Productivity
|
| URL | https://www.nber.org/papers/w20404
|
| 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/578078
|
推荐引用方式
GB/T 7714 |
Hugo A. Hopenhayn. On the Measure of Distortions. 2014.
|
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