[PDF] Top 20 POLICY, AGGREGATE PRODUCTIVITY AND MISALLOCATION

... between productivity and observable characteristics of the firm such as their age and size (see, ...factor productivity increased with the growth of the private sector and the closing of the least ... See full document

... on aggregate productivity using micro-level data within a quantitative ...Designation Policy in Vietnam, which forces farmers to produce rice on almost 45% of plots of ...The policy provides a ... See full document

... source misallocation negatively affects aggregate productivity in a model of heterogeneous firms to the highest ...minimum aggregate total factor productivity (TFP) under resource mis- ... See full document

... resource misallocation on aggregate ...or aggregate production ...resource misallocation explains the differ- ence in aggregate productivity across developed ...resource ... See full document

... We also find a number of distinct results on social welfare, i.e., the average dis- tance between individual decisions and the underlying state. First, social welfare may decrease when individuals possess more capacity ... See full document

... of policy options to improve connectivity of rural-urban labour markets, I build a simple CGE model called DUAL, using neoclassical assumptions similar to Hosoe ...the productivity in agriculture and rural ... See full document

... of misallocation of ...from policy interventions can lead to significant reductions in output, while also reducing total factor productivity by 30%-50% ...of misallocation of resource and ... See full document

... the aggregate consequences of their sectoral ...the aggregate effects of firm-level decisions in response to government ...applicable policy implications across a broad range of lesser developed ... See full document

... The framework also incorporates the 'industrial organization’ approach to international trade with emphasis on imperfect competition and economies of scale. Earlier works using this approach have mostly studied ... See full document

... and productivity (see Samuelson, 1966; Sen and Foster, ...marginal productivity theory states that inequality is an efficient outcome of competition and is a consequence of rewards for high ... See full document

... on aggregate productivity and the aggregate demand for ...exporter productivity premium, measured by log value added per worker, increases in a low-tech industry and decreases in a high-tech ... See full document

... the policy function for external …nance, e (k; ...to productivity: holding the size of the …rm …xed, …rms that are hit by higher productivity shocks are more likely to raise external ...This ... See full document

... on policy enactment in the energy ...trade policy by Grossman and Helpman (1994), Mitra (1999), Gawande and Bandyopadhyay (2000), Bombardini (2008), Bombardini and Trebbi (2012), and Kim ... See full document

... From the viewpoint of economic theory, the most interesting feature of the law of motion in equation 2 is what it says about the stochastic process of macroeconomic aggregates factor pro[r] ... See full document

... Quantitatively, if the model starts from the active equilibrium deterministic steady state, a one-period adverse shock to the discount factor of 12% moves the system to the passive static equilibrium, increasing the ... See full document

... In this section, we briefly discuss some of the broad aggregates of MENA countries. Table 1 provides some basic statistics of some selected MENA countries. Not all countries in the MENA region have been included in our ... See full document

... Looking firstly at the result for aggregate U.S. capital, notice that there is a slight contraction by around 1.6%. This result is related to the decline in the mean investment to book ratio discussed in the ... See full document

... This paper also contributes to two other strands of the literature: the one that studies the existence of persistent productivity differences among firms and the one that studies how the distribution of resources ... See full document

... on productivity. Both studies show that the acceleration in productivity in the United States in the second half of the 1990s was in part due to the size of the ICT producing sector and to the widespread ... See full document

... countries: aggregate educational attainment and PTR variation are negatively correlated - even after controlling for differences in per capita income and aggregate ... See full document