aggregate output and productivity and highlight indirect general equilibrium effects. To do so, we build a model of … cleansing effect reinforces the direct effect by enhancing the aggregate productivity. However, the number of firms in operation … decreases in equilibrium, and this, in turn, depresses the aggregate productivity. …

In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity … development in Austria. We apply the indirect approach of measuring misallocation via the dispersion in marginal products within … that capital misallocation increased during the recession in the late 2000s, but declined thereafter. This result contrasts …

. While credit subsidies resolve misallocation of resources and enhance aggregate productivity, increased factor prices, in …-level productivity, which allows us to capture the skewed firm size distribution seen in the Business Dynamics Statistics (BDS). We … compare the welfare and aggregate productivity implications of our non-Gaussian process to those of a standard AR(1) process …

Uncertainty faced by individual firms appears to be heterogeneous. In this paper, I construct new empirical measures of … firm-level uncertainty using data from the I/B/E/S and Compustat. These new measures reveal persistent differences in the … degree of uncertainty facing individual firms not reflected by existing measures. Consistent with existing measures, I find …

Following Hsieh and Klenow (2009), this paper studies productivity dispersions in Colombian industrial establishments … manufacturing Total Factor Productivity (TFP) of approximately 3-8 percent and TPF is positively correlated with exporting status … in 1991 is associated with an increase in plant productivity levels for firms that export goods. The 1990 reform that …

generating endogenous changes in local productivity. In this paper, we document and quantify the importance of this channel by … delays in the construction of highways, we empirically show that productivity grows in places with better transportation … total factor productivity. Then, by calibrating our model on census data between 1998 and 2018, we find that new highways …

This study estimates Climate Adjusted Total Factor Productivity (CATFP) for agriculture in Latin America and Caribbean … induces significant reductions in productivity (2.3% to 10.7%), over the 2013-2040 period. Estimated output losses due to …