Barriers to reallocation and economic growth: The effects of firing costs
We study how factors that hinder the reallocation of inputs across firms influence aggregate productivity growth. We extend Hopenhayn and Rogerson's (1993) firm-dynamics model to allow for endogenous innovation. We evaluate the effects of firing taxes on reallocation, innovation, and productivi...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2019
|
| Online Access: | View Fulltext in Publisher |