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来源类型Working Paper
规范类型报告
DOI10.3386/w22809
来源IDWorking Paper 22809
Misallocation, Establishment Size, and Productivity
Pedro Bento; Diego Restuccia
发表日期2016-11-07
出版年2016
语种英语
摘要We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy distortions featuring a positive productivity elasticity of distortions imply larger reductions in output through smaller investments in establishment productivity. A calibrated version of the model implies that when the productivity elasticity of distortions increases from 0.09 in the U.S. to 0.5 in India, aggregate output and average establishment size fall by 53 and 86 percent, compared to 37 and 0 percent in the standard factor misallocation model. Entry productivity investment and factor misallocation contribute equally to the reduction in output, whereas the effect of lower life-cycle productivity growth is fully offset by increased entry and reduced productivity dispersion. Establishment size differences in the model are consistent with evidence from a comprehensive dataset we construct on average establishment size in manufacturing using census data for 134 countries.
主题Development and Growth ; Development ; Growth and Productivity
URLhttps://www.nber.org/papers/w22809
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/580480
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GB/T 7714
Pedro Bento,Diego Restuccia. Misallocation, Establishment Size, and Productivity. 2016.
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