The Dynamics of Development: Innovation and Reallocation
This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration episodes triggered by reforms. The authors find that reforms removing barriers to firm entry lead to persistent growth in TFP and declining average firm size, as in the experience of suc...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2018
|
| Schriftenreihe: | World Bank E-Library Archive
|
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration episodes triggered by reforms. The authors find that reforms removing barriers to firm entry lead to persistent growth in TFP and declining average firm size, as in the experience of successful post-communist transitions. Reforms that reverse resource misallocation result in more protracted paths of TFP and rising average firm size, as in the experience of non-communist growth accelerations. When calibrating the reforms to data from Chile's and China's growth accelerations, the model can replicate the macro and firm-level features of these episodes |
| Beschreibung: | 1 Online-Ressource (53 Seiten) |
| DOI: | 10.1596/1813-9450-8505 |
Internformat
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| 520 | |a This paper proposes a quantitative model of firm dynamics with endogenous innovation to study growth acceleration episodes triggered by reforms. The authors find that reforms removing barriers to firm entry lead to persistent growth in TFP and declining average firm size, as in the experience of successful post-communist transitions. Reforms that reverse resource misallocation result in more protracted paths of TFP and rising average firm size, as in the experience of non-communist growth accelerations. When calibrating the reforms to data from Chile's and China's growth accelerations, the model can replicate the macro and firm-level features of these episodes | ||
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| 700 | 1 | |a Fattal-Jaef, Roberto N. |4 oth | |
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Datensatz im Suchindex
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| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| doi_str_mv | 10.1596/1813-9450-8505 |
| format | Electronic eBook |
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| id | DE-604.BV048274014 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:00:10Z |
| indexdate | 2024-10-12T04:02:37Z |
| institution | BVB |
| language | English |
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| physical | 1 Online-Ressource (53 Seiten) |
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| publishDate | 2018 |
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| publisher | The World Bank |
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| series2 | World Bank E-Library Archive |
| spellingShingle | Buera, Francisco J. The Dynamics of Development Innovation and Reallocation |
| title | The Dynamics of Development Innovation and Reallocation |
| title_auth | The Dynamics of Development Innovation and Reallocation |
| title_exact_search | The Dynamics of Development Innovation and Reallocation |
| title_exact_search_txtP | The Dynamics of Development Innovation and Reallocation |
| title_full | The Dynamics of Development Innovation and Reallocation Buera, Francisco J |
| title_fullStr | The Dynamics of Development Innovation and Reallocation Buera, Francisco J |
| title_full_unstemmed | The Dynamics of Development Innovation and Reallocation Buera, Francisco J |
| title_short | The Dynamics of Development |
| title_sort | the dynamics of development innovation and reallocation |
| title_sub | Innovation and Reallocation |
| url | https://doi.org/10.1596/1813-9450-8505 |
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