Finance and Misallocation: Evidence from Plant-Level Data

作者: Virgiliu Midrigan , Daniel Yi Xu

DOI: 10.1257/AER.104.2.422

关键词: Capital (economics)Aggregate productivityFinancePlant levelEconomicsTotal factor productivityProductivityMicroeconomicsStatistical dispersion

摘要: … overall losses from misallocation in the manufacturing sectors of China and India, we focus solely on the losses from capital misallocation generated by financial frictions and show that …

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