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  • 1
    Book
    Book
    Cambridge, Mass. : National Bureau of Economic Research
    UID:
    b3kat_BV023593193
    Format: 47 S. , graph. Darst. , 22 cm
    Series Statement: Working paper series / National Bureau of Economic Research 13290
    Content: Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing establishments to quantify the extent of this misallocation in China and India compared to the U.S. in recent years. Compared to the U.S., we measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the U.S., we calculate manufacturing TFP gains of 25-40% in China and 50-60% in India.
    Additional Edition: Erscheint auch als Online-Ausgabe
    Language: English
    URL: Volltext  (kostenfrei)
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