| 000 | 02251cam a22003377 4500 | ||
|---|---|---|---|
| 001 | w13018 | ||
| 003 | NBER | ||
| 005 | 20211020112055.0 | ||
| 006 | m o d | ||
| 007 | cr cnu|||||||| | ||
| 008 | 210910s2007 mau fo 000 0 eng d | ||
| 100 | 1 |
_aRestuccia, Diego. _919319 |
|
| 245 | 1 | 0 |
_aPolicy Distortions and Aggregate Productivity with Heterogeneous Plants / _cDiego Restuccia, Richard Rogerson. |
| 260 |
_aCambridge, Mass. _bNational Bureau of Economic Research _c2007. |
||
| 300 |
_a1 online resource: _billustrations (black and white); |
||
| 490 | 1 |
_aNBER working paper series _vno. w13018 |
|
| 500 | _aApril 2007. | ||
| 520 | 3 | _aWe 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 factor in accounting for cross-country differences in output per capita. In particular, we show that policies which create heterogeneity in the prices faced by individual producers can lead to sizeable decreases in output and measured 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 accumulation, relative prices, and measured TFP. | |
| 530 | _aHardcopy version available to institutional subscribers | ||
| 538 | _aSystem requirements: Adobe [Acrobat] Reader required for PDF files. | ||
| 538 | _aMode of access: World Wide Web. | ||
| 588 | 0 | _aPrint version record | |
| 690 | 7 |
_aE2 - Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy _2Journal of Economic Literature class. |
|
| 690 | 7 |
_aO1 - Economic Development _2Journal of Economic Literature class. |
|
| 700 | 1 |
_aRogerson, Richard. _919628 |
|
| 710 | 2 | _aNational Bureau of Economic Research. | |
| 830 | 0 |
_aWorking Paper Series (National Bureau of Economic Research) _vno. w13018. |
|
| 856 | 4 | 0 | _uhttps://www.nber.org/papers/w13018 |
| 856 |
_yAcceso en línea al DOI _uhttp://dx.doi.org/10.3386/w13018 |
||
| 942 |
_2ddc _cW-PAPER |
||
| 999 |
_c335113 _d293675 |
||