Asker, John; De Loecker, Jan K.; Collard-Wexler, Allan - National Bureau of Economic Research (NBER) - 2011
We investigate the role of dynamic production inputs and their associated adjustment costs in shaping the dispersion of total factor productivity (TFP) and static measures of capital misallocation within a country. Using data on 5,010 establishments in 33 developing countries from the World...