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Misallocation and Manufacturing TFP in China and India / Chang-Tai Hsieh, Peter J. Klenow.
- Format:
- Book
- Author/Creator:
- Hsieh, Chang-Tai.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13290.
- NBER working paper series no. w13290
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- Resource misallocation can lower aggregate total factor productivity (TFP). We use micro data on manufacturing establishments to quantify the potential extent of misallocation in China and India compared to the U.S. Compared to the U.S., we measure sizable gaps in marginal products of labor and capital across plants within narrowly-defined industries in China and India. When capital and labor are hypothetically reallocated to equalize marginal products to the extent observed in the U.S., we calculate manufacturing TFP gains of 30-50% in China and 40-60% in India.
- Notes:
- Print version record
- August 2007.
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