to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous …

to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous …

to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous …

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical … misallocation in a model where establishment-level productivity is endogenous and responds to the same policy distortions that … units (static effect), but also create disincentives for productivity improvement (dynamic effect) thereby affecting the …