| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24444 |
| 来源ID | Working Paper 24444 |
| Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions | |
| Yuriy Gorodnichenko; Debora Revoltella; Jan Svejnar; Christoph T. Weiss | |
| 发表日期 | 2018-03-26 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Using a new survey, we document high dispersion of marginal revenue products across firms in the European Union (EU). To interpret this dispersion, we develop a highly portable framework to quantify gains from better allocation of resources. We demonstrate that, apart from direct measures of distortions, firm characteristics, such as demographics, quality of inputs, utilization of resources, and dynamic adjustment of inputs, are predictors of the marginal revenue products of capital and labor. We emphasize that some firm characteristics may reflect compensating differentials rather than constraints and the effect of constraints on the dispersion of marginal products may hence be smaller than has been assumed in the literature. We show that cross-country differences in the dispersion of marginal products in the EU are largely due to differences in how the business, institutional and policy environment translates firm characteristics into outcomes rather than to the differences in firm characteristics per se. Removing distortions could raise EU aggregate productivity by 40 percent or more. |
| 主题 | Microeconomics ; Households and Firms ; Development and Growth ; Development ; Growth and Productivity ; Country Studies |
| URL | https://www.nber.org/papers/w24444 |
| 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/582117 |
| 推荐引用方式 GB/T 7714 | Yuriy Gorodnichenko,Debora Revoltella,Jan Svejnar,et al. Resource Misallocation in European Firms: The Role of Constraints, Firm Characteristics and Managerial Decisions. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24444.pdf（838KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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