Misallocation and Manufacturing TFP in China and India.
Resource misallocation can lower aggregate total factor productivity (TFP). We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across plants...
| Publicado en: | Quarterly Journal of Economics Vol. 124; no. 4; pp. 1403 - 1449 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / UK
November 2009
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=511450644&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 511450644 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00335533 QJE jtl: Quarterly Journal of Economics issn: 00335533 maglogo: N pubinfo: dt: November 2009 vid: 124 iid: 4 pid: 622 pub: Oxford University Press / UK artinfo: ui: 511450644 10.1162/qjec.2009.124.4.1403 ppf: 1403 ppct: 46 formats: tig: atl: Misallocation and Manufacturing TFP in China and India. aug: au: Hsieh, Chang-Tai Klenow, Peter su: Industrial productivity Manufacturing industries Manufactured products Resource allocation -- Mathematical models Labor productivity China India United States sug: subj: China India United States Industrial productivity Manufacturing industries Manufactured products Resource allocation -- Mathematical models Labor productivity ab: Resource misallocation can lower aggregate total factor productivity (TFP). We use microdata on manufacturing establishments to quantify the potential extent of misallocation in China and India versus the United States. We measure sizable gaps in marginal products of labor and capital across plants within narrowly defined industries in China and India compared with the United States. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the United States, we calculate manufacturing TFP gains of 30%-50% in China and 40%-60% in India. Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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