Search Results - subject:"Policy Distortions"

A new world post COVID-19 : lessons for business, the finance industry and policy makers

Billio, Monica (ed.); Varotto, Simone (ed.) - 2020 - 1st edition

Persistent link: https://www.econbiz.de/10012307709

Misallocation, informality, and human capital: understanding the role of institutions

D'Erasmo, Pablo; Moscoso Boedo, Herman J.; Senkal, Asli - Federal Reserve Bank of Philadelphia - 2014

Accepted for publication, Journal of Economic Dynamics and Control The aim of this paper is to quantify the role of formal-sector institutions in shaping the demand for human capital and the level of informality. We propose a firm dynamics model where firms face capital market imperfections and...

Persistent link: https://www.econbiz.de/10010755869

Misallocation, Informality, and Human Capital

Moscoso-Boedo, Hernan J.; Pablo N. D’Erasmo - University of Virginia, Department of Economics - 2012

We develop a theory of total factor productivity to understand differences in pro- ductivity and human capital across countries. In our model, firms face capital market imperfections and costs of operating in the formal sector. Formal firms have a larger set of production opportunities and the...

Persistent link: https://www.econbiz.de/10010615500

The Latin American Development Problem

Restuccia, Diego - University of Toronto, Department of Economics - 2011

States. I then consider a model with heterogeneous production units where institutions and policy distortions lead to a 60 …

Persistent link: https://www.econbiz.de/10009144869

Financial Structure, Informality and Development

Boedo, Hernan J Moscoso; Pablo N D’Erasmo - University of Virginia, Department of Economics - 2009

This is a theory of total factor productivity based on measured capital market im- perfections and costs of creating and operating formal sector firms. We develop a firm dynamics model with endogenous formal and informal sectors where firms face a technol- ogy adoption opportunity. The model...

Persistent link: https://www.econbiz.de/10008472266

The Latin American Development Problem

Restuccia, Diego - University of Toronto, Department of Economics - 2008

consider a model with heterogeneous production units where institutions and policy distortions lead to a 60 percent …

Persistent link: https://www.econbiz.de/10005572533

The Impact of Agricultural Policy Distortions on the Productivity Gap: Evidence from the Rice Production

Rakotoarisoa, Manitra A. - Agricultural and Applied Economics Association - AAEA - 2008

This study determines how production and trade policy distortions affected rice productivity in thirty-three rice …-producing countries. A rice-productivity index for each country is constructed, and a model linking the productivity gap with policy … distortions is presented. After controlling for the differences in infrastructure, openness, and human capital, this article shows …

Persistent link: https://www.econbiz.de/10005804664

On the Generalized Weitzman's Rule

Mino, Kazuo - Volkswirtschaftliche Fakultät, … - 2004

Weitzman (1976) provides a foundation for net national product of a competitive economy as the annuity equivalent of the present discounted value of maximized consumption. This paper considers how Weitzman's rule should be modified if the competitive equilibrium is affected by the presence of...

Persistent link: https://www.econbiz.de/10005105915

Policy Distortions and Aggregate Productivity with Heterogeneous Plants

Rogerson, Richard; Restuccia, Diego - Society for Economic Dynamics - SED - 2004

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 a significant factor in accounting for...

Persistent link: https://www.econbiz.de/10005051415