| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27983 |
| 来源ID | Working Paper 27983 |
| Input-Output Networks and Misallocation | |
| Jing Hang; Pravin Krishna; Heiwai Tang | |
| 发表日期 | 2020-10-26 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper develops a framework for studying the macroeconomic costs of resource misallocation. The framework enables the assessment of the conditions under which the existing estimates in the misallocation literature, which are largely based on a value-added production structure and ignore inter-sectoral linkages, provide an unbiased estimate of misallocation costs in relation to a more general setting, in which production of gross output relies upon input-output linkages across sectors. We show that in the absence of intermediate input distortions, the two approaches are isomorphic and will yield the same estimated aggregate productivity loss. When firm-specific intermediate input distortions are present, however, the value-added model produces biased estimates of TFP losses due to both model misspecification and incorrect inferences of firms' productivity and distortions. Using Chinese and Indian enterprise data, we find quantitatively similar TFP losses from resource misallocation for China, regardless of the model used, while for India, we infer significantly larger TFP losses under the gross output model. |
| 主题 | Macroeconomics ; Macroeconomic Models ; Consumption and Investment ; Industrial Organization ; Market Structure and Firm Performance ; Development and Growth ; Development ; Growth and Productivity |
| URL | https://www.nber.org/papers/w27983 |
| 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/585656 |
| 推荐引用方式 GB/T 7714 | Jing Hang,Pravin Krishna,Heiwai Tang. Input-Output Networks and Misallocation. 2020. |
| 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 | ||
| w27983.pdf（722KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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