Misallocation and manufacturing TFP in China and India:
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 la...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
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| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13290 |
| Online-Zugang: | kostenfrei |
| Zusammenfassung: | 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. |
| Beschreibung: | 47 S. graph. Darst. 22 cm |
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| 520 | 8 | |a 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. | |
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| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
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| spelling | Hsieh, Chang-tai Verfasser (DE-588)124771807 aut Misallocation and manufacturing TFP in China and India Chang-Tai Hsieh ; Peter J. Klenow Cambridge, Mass. National Bureau of Economic Research 2007 47 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13290 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. Klenow, Peter J. Verfasser (DE-588)124771831 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13290 (DE-604)BV002801238 13290 http://papers.nber.org/papers/w13290.pdf kostenfrei Volltext |
| spellingShingle | Hsieh, Chang-tai Klenow, Peter J. Misallocation and manufacturing TFP in China and India |
| title | Misallocation and manufacturing TFP in China and India |
| title_auth | Misallocation and manufacturing TFP in China and India |
| title_exact_search | Misallocation and manufacturing TFP in China and India |
| title_exact_search_txtP | Misallocation and manufacturing TFP in China and India |
| title_full | Misallocation and manufacturing TFP in China and India Chang-Tai Hsieh ; Peter J. Klenow |
| title_fullStr | Misallocation and manufacturing TFP in China and India Chang-Tai Hsieh ; Peter J. Klenow |
| title_full_unstemmed | Misallocation and manufacturing TFP in China and India Chang-Tai Hsieh ; Peter J. Klenow |
| title_short | Misallocation and manufacturing TFP in China and India |
| title_sort | misallocation and manufacturing tfp in china and india |
| url | http://papers.nber.org/papers/w13290.pdf |
| volume_link | (DE-604)BV002801238 |
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