Using a rich dataset of Chinese firms, we investigate the effect of industrial policies on
resource misallocation. Our difference-in-difference model estimates provide evidence that …

We investigate the effect of misallocation induced by firm-specific distortions on aggregate
productivity and long-run TFP growth. Using a new firm-level dataset from Sri Lanka's …

How is firm creation affected by imperfect information? Our model of rational inattention
generates inefficient entry and labor misallocation, because startups make error-prone …

Imperfect information and learning are introduced into a production-based asset pricing
model. Our model features slow learning about firms' exposure to aggregate productivity …

Using a rich dataset of Chinese firms, we investigate the effect of industrial policies on
resource misallocation. Our difference-in-difference model estimates provide evidence that …

The observation that exporters are more capital-and skill-intensive than non-exporters in
developing countries contradicts the Heckscher-Ohlin theory. A common explanation is that …

We develop a measure of static misallocation that separates uncertainty from misallocation
generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the …

I quantify how information frictions and learning from financial markets affect resource
misallocation. I develop a dynamic model that features financial markets guiding managers …

This paper examines how labour market outcomes are affected by college graduates'
employment liberalization in China, which refers to the abolition of the job assignment …

POLICY, AGGREGATE PRODUCTIVITY AND MISALLOCATION Page 1 University of
Kentucky UKnowledge Theses and Dissertations--Economics Economics 2019 POLICY …