-liberalization quota allocation is not based on firm productivity. Removing this misallocation accounts for a substantial share of the … overall productivity gains associated with the quota removal. …

total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5 … between productivity volatility and the dispersion of the marginal revenue product of capital (static capital misallocation … dynamic process governing productivity shocks is a first-order determinant of differences in misallocation and, hence, income …

China’s policy-makers argued that WTO accession and the accompanying trade liberalization would have a beneficial … impact on the domestic economy. China’s import tariffs differed tremendously across industry in the earlier years, but … identify the impact of increased import competition on firm performance and its contribution to the significant productivity …

indirect effects of foreign direct investment on measured firm level productivity depend on a number of firm specific features … higher in the special economic zone aimed at attracting foreign capital to fasten the development of China’s own high tech …

We study capital misallocation within and across 10 African countries using the World Bank Enterprise Surveys. First …, we compare the extent of misallocation among firms within countries. We document high variation in firms' marginal … of property rights and the quality of the legal system help explain country-level differences in capital misallocation. …

We disentangle the contribution of unobserved heterogeneity in idiosyncratic demand and productivity to firm growth. We … important as productivity shocks for firm growth. Second, firms respond to shocks less than a frictionless model would predict … frictions studied by the literature on factor misallocation. We consider hurdles to firm reorganization as one such friction and …

. If agents are constrained in the side payments they can make, the free market allocation displays excessive segregation …