کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
985663 1480834 2008 14 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Policy distortions and aggregate productivity with heterogeneous establishments
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Policy distortions and aggregate productivity with heterogeneous establishments
چکیده انگلیسی

We formulate a version of the growth model in which production is carried out by heterogeneous establishments and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across establishments that differ in productivity may be an important factor in accounting for cross-country differences in output per capita. In particular, we show that policies which create heterogeneity in the prices faced by individual producers can lead to sizeable decreases in output and measured total factor productivity (TFP) in the range of 30 to 50 percent. We show that these effects can result from policies that do not rely on aggregate capital accumulation or aggregate relative price differences. More generally, the model can be used to generate differences in capital accumulation, relative prices, and measured TFP.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Review of Economic Dynamics - Volume 11, Issue 4, October 2008, Pages 707–720
نویسندگان
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