The common finding from these papers is that plantlevel distortions especially when they correlate with plant size could lead to sizable losses in aggregate productivity This article presents an interesting case of US agriculture where size distortions are regressive
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Jan 01 2013 to do so we first analyze aggregate and productivitydependent distortions which we model in a ry general way as taxes on output following restuccia and rogerson 2008 then we consider firing costs a policy that akes it more costly to adjust factors aggregate distortions first consider the effect of aggregate distortions
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In the following subsections the impacts of two types of distortions will be developed first aggregate distortions in the line of restuccia and rogerson 2008 and then productivitydependent
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Jul 26 2015 we study the relationship between economic distortions and the size distribution of plants using comparable plantlevel data across 104 developing countries our main result is to show that other things equal countries with larger economic distortions allocate more labor to small unproductive units by decomposing the business environment into different type of distortions we
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Distortions and relating changes in these distortions to aggregate outcomes our paper is directly related to the literature studying higher moments of the tari scheduleanderson and neary1996 andfeenstra1995 study a modelimplied measure of tari distortions and show that variance in tari s has a strongly distortionary e ect on trade
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Market distortions can generate resource misallocations across heterogeneous firms and reduce aggregate productivity this paper measures market distortions and aggregate productivity growth in chinas energy sector we use the wedge between output elasticities and factor shares in revenues to recover a measure of firmlevel market distortions
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Therefore policy and regulatory stability is vital for industry investments development and growth the national policy on cement that allows duty free imports of cement but imposes price controls on domestically manufactured cement leads to market distortions that do not benefit consumers or the construction industry gnanam said
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Policy can substantially reduce the aggregate markup in our model but they come at considerable cost this is because in our model the distorted allocation actually features too little concentration relative to the e cient allocation and a further reduction in concentration increases misallocation thereby reducing aggregate productivity
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Entry of plants accounts for 72 percent of chinese productivity growth and is often cited as justifying models that focus on entry and exit of firms in the first part of this paper we study plantlevel data from chile and korea and find that the productivity growth generated by entry and exit is a larger fraction of aggregate growth
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Apr 01 2017 in this framework policy distortions not only misallocate resources across a given set of productive units static effect but also create disincentives for productivity improvement thereby altering the productivity distribution and equilibrium prices dynamic effect further lowering aggregate
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For any given selection of exporting rms distortions a ect aggregate exports through changes in the number and in the volume of exported varieties this impact is akin to the one from changes in the aggregate state of technology in the gravity model ofeaton and kortum2002 more importantly correlated distortions also a ect the selection of rms
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Holding the aggregate factor stocks fixed the effect of informational frictions on aggregate productivity a is also the effect on aggregate output y however the misallocation induced by informational frictions also reduces incentives for capital accumulation and so
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Aggregate is classified by particle size and consistency there are two basic types sand and gravel sometimes called natural stone and crushed stone more recently a third type of aggregate has emerged recycled concrete aggregate which is produced by crushing concrete reclaimed from demolished highways buildings and other structures
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Download citation policy distortions and aggregate productivity with heterogeneous plants we formulate a version of the growth model in which production is carried out by heterogeneous
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Oct 01 2008 the literature on the role of capital accumulation emphasizes the impact of aggregate policy distortions on the return to capital investments capital accumula tion and output but tfp levels are exogenous and constant across countries 5 models of tfp such as parente and prescott 2000 abstract from capital accumulation
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Policy distortions and aggregate productivity with heterogeneous establishments 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
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Download citation policy distortions and aggregate productivity with heterogeneous plants we formulate a version of the growth model in which production is carried out by heterogeneous plants
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Policy distortions and aggregate productivity with heterogeneous plants diego restuccia and richard rogerson working papers from university of toronto department of economics abstract we formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to us data in the context of this model we argue that differences in the
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Apr 01 2007 policy distortions and aggregate productivity with heterogeneous plants nber working paper no w13018 36 pages posted 14 apr 2007 last revised 29 in the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for crosscountry differences in
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Restuccia d and rogerson r 2008 policy distortions and aggregate productivity with heterogeneous plants review of economic dynamics 11 707720
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Policy distortions and aggregate productivity the role of idiosyncratic shocks1 jos e m darocha universitat autonoma de barcelona pau s pujolas idea universitat autonoma de barcelona august 5 2011 abstract we study the implications of idiosyncratic shocks on the eects of resource misallocation across heterogeneous plants
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Policy distortions that a ect the allocation of factors across establishments the investment on productivity of establishments and therefore aggregate measured tfp and output we also compare the e ect of the same policy distortions in an environment where
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Farm size and land allocation are important factors in explaining lagging agricultural productivity in developing countries this paper examines the effect of land market imperfections on land allocation across farmers and aggregate agricultural productivity
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Accumulation emphasizes the impact of aggregate policy distortions on the return to capital investments capital accumula tion and output but tfp levels are exogenous and constant across countries 5 models of tfp such as parente and prescott
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Policy distortions and aggregate productivity with heterogeneous plants 2004 meeting papers 69 society for economic dynamics diego restuccia amp richard rogerson 2007 policy distortions and aggregate productivity with heterogeneous plants working papers tecipa283 university of toronto department of economics
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Policy distortions and aggregate productivity with heterogeneous plants diego restuccia and richard rogerson review of economic dynamics 2008 vol 11 issue 4 707720 abstract 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
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Policy distortions and aggregate productivity with heterogeneous plants we formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to us data in the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important
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Get this from a library policy distortions and aggregate productivity with heterogeneous plants diego restuccia richard donald rogerson national bureau of economic research we formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to us data in the context of this model we argue that differences in the
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Policy distortions and aggregate productivity with endogenous establishmentlevel productivity jos mar a darocha marina mendes tavares diego restuccia nber working paper no 23339 issued in april 2017 revised in february 2019 nber programsdevelopment economics economic fluctuations and growth productivity innovation and
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Policy distortions and aggregate productivity the role of idiosyncratic shocks article pdf available in the b e journal of macroeconomics 11135 november 2011 with 107 reads
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Code for policy distortions and aggregate productivity with heterogeneous plants by diego restuccia and richard rogerson abstract three matlab programs reuired to generate statistics from the model oai identifier provided by research papers in economics download pdf sorry
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