Why Does Misallocation Persist?
Recent papers argue that the misallocation of resources can explain large cross-country TFP differences. This argument is underpinned by empirical evidence documenting substantial dispersion in the marginal products of resources, particularly capital, in developing countries. But why does misallocat...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
American Economic Association,
2018-02-20T16:47:30Z.
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| Subjects: | |
| Online Access: | Get fulltext |